Managing Pandemic and Correcting Development Fundamentals: India’s Great Challenge

Preface
Contents
Editors and Contributors
The Dark Shadows of Pandemic and Its Management
The Complexity of Managing COVID-19: How Important Is Good Governance?
	1 The Issue
	2 The Ideas
	3 The Way Forward
	References
Covidonomics or the Curious Case of a Supply Constrained Keynesian Equilibrium
	1 Introduction
	2 Review of Literature
	3 Key Macroeconomic Indicators
	4 Transaction Cost-Constrained Simple Keynesian Model
		4.1 Pre-covid Situation
		4.2 The Covid-19 Case: Transaction Cost-Constrained Simple Keynesian Model
	5 Transactions Cost Constrained Complete Keynesian Model
		5.1 Vaccination Effect
		5.2 Geopolitical Developments and Possible Impacts
	6 Conclusions
	References
Contact Intensity, Unemployment, and Finite Change—The Case of Entertainment Sector Under Pandemic: A General Equilibrium Approach
	1 Introduction and Motivation
	2 Pandemic-Led Impact on Creative Sectors: Current Literature and Empirical Facts
	3 Modeling Frameworks for Short and Long Run Impact Evaluation
		3.1 Core Model
		3.2 Equilibrium and Comparative Statics
	4 Variants of the Rudimentary Model
		4.1 Very Short Run: Immobility of ‘K’
		4.2 Longer Run or Medium Run: Intersectorally Mobile ‘K’
		4.3 Longest Run: No ‘Sy’
	5 Concluding Remarks
	Appendix
	References
Financing Recovery in the Post-Pandemic Indian Economy
	1 Prelude
	2 Channels of Expenditure for Economic Recovery
	3 Monetization of Public Assets
	4 Inflation and Monetary Policy
	5 Fiscal Policy: Prospect of Increasing Public Debt
	6 Concluding Remarks
	Appendix
	References
Envisioning the Future of Indian Higher Education in the Post-Covid Era: Challenges and Possibilities
	1 Introduction
	2 Higher Education as a Public Good, and a Common Good
	3 Challenges Facing Indian Higher Education
	4 A Proposal to Reconfigure Indian Higher Education: NEP 2020
		4.1 The Regulatory Framework
		4.2 ABC and Rising Dependence on Online Education
		4.3 Funding and University Governance
	5 A State-Regulated Market for Higher Education
	6 Policy Implications for Higher Education
		6.1 Teaching–Learning
		6.2 Rising Importance of the Ed-Tech Companies
		6.3 Research and Ranking
		6.4 Academic Profession
	7 Globalization and Internationalization
		7.1 Internationalization
	8 Discussion
		8.1 Access and Equity
		8.2 Quality
		8.3 Circumscribing Autonomy and Institutionalizing Accountability
		8.4 The Public Good Character of Higher Education
	9 Concluding Remarks
	References
Trends, Patterns and Regional Variations of COVID-19 Pandemic in India at Sub-national Level: Analysis Based on Spatial Econometric Method
	1 Introduction
	2 Scope and Objectives of the Study
	3 Data and Methodology
	4 Empirical Analysis
		4.1 COVID Infection and Spatial Analysis: Sub-national Level
		4.2 Spatial Econometric Results: SAR and SEM
	5 Major Findings
	References
The Fundamental Challenges for Development- Poverty, Inequality, Health, Education and External Trade
Exploring the Significance of Food Insecurity Mediated Poverty and Low Productivity Traps: Furthering Policy by Reconciling Secondary Data with Primary Survey
	1 Introduction
	2 Evidence-Based Review of the Hypotheses Underlying the Food Insecurity Mediated Poverty Trap
		2.1 Food Insecurity and Consumption Expenditure: Review of Evidence
		2.2 Anthropometric Evidence and Wealth Status: Review of Evidence
		2.3 The Literature on the Causality Running from Income Poverty or Malnutrition to Poor Human Capital Formation
	3 Research Objectives
	4 Methodology
		4.1 The Primary Survey
		4.2 Secondary Data-Based Study
	5 Results
		5.1 Results from the Secondary Survey
		5.2 Results from the Primary Survey
	6 Conclusions and Implications for Policy and Future Research
	Appendix: Questionnaire for Primary Survey
	References
State-Level Exports: An Alternate Estimate
	1 Introduction
	2 ASI Unit-Level Data Description
	3 Detailed Methodology and Export Data Generation
	4 State-Level Export Structure
	5 Comparison Between Export and Production Structures at the Sub-national Level
	6 Conclusions
	References
Subaltern Culture and Happiness in Tribal Communities of West Bengal
	1 Introduction
	2 Objectives and Testable Hypotheses
	3 Data
	4 The Questionnaire
	5 Framework of Regression Analysis
		5.1 Indexation
		5.2 Field Survey Observations/Overview of the Sample
		5.3 Statistical Analysis
	6 Policy Prescriptions and Conclusion
	Appendix: Questionnaire
	References
Is the GST Reform Pro-poor in India?
	1 Introduction
	2 Methodology and Data Source
	3 Descriptive Analysis
	4 Conclusion and Policy Prescriptions
	Appendix: Figures for the Intra Group Study: Classification of Pro-poor and Pro-rich Commodities
	References
Public Expenditure Quality of States for Education and Health, Does Rationalisation of Grants Matter?
	1 Introduction
	2 Adequacy of Public Expenditure by States on Elementary Education and Rural Healthcare
	3 Effectiveness of Public Expenditure by States on Elementary Education and Rural Healthcare
	4 Efficiency of Public Expenditure of States on Elementary Education and Rural Healthcare
	5 Impact Assessment of CSS Rationalisation on Public Expenditure by States on Elementary Education and Rural Healthcare
	6 Concluding Observations and Some Policy Suggestions
	Appendix: Essentials of Data Envelopment Analysis and Meaning of Efficiency Scores
	References
Measurement and Determinants of Efficiency of Government and Government-Aided Secondary Schools in Kolkata: An Application of Data Envelopment Approach
	1 Introduction
	2 Methodology of Estimation, Determinants of TE and Data Sources
		2.1 Methodology of Estimation of TE
		2.2 Methodology for Finding Output-Oriented TE
		2.3 Input and Output Variables for Efficiency Measurement
		2.4 Possible Determinants of Output-Oriented TE
		2.5 The Method of Data Collection
		2.6 Description and Definition of the Variables
	3 Empirical Findings
		3.1 Descriptive Statistics
		3.2 Measure of Technical Efficiency
		3.3 Determinants of Output-Oriented TE
	4 Summary and Policy Suggestions
	References
Unequal Inequalities in India: Income and Non-income Dimensions
	1 Post-COVID Economic Inequality
	2 Aspects of Income Inequality in India
		2.1 Inequality Between Social Groups
	3 Inequality in Non-income Space
	4 Conclusion
	Appendix
	References