Suchergebnisse

Networks pervade social and economic life, and they play a prominent role in explaining a huge variety of social and economic phenomena. Standard economic theory did not give much credit to the role of networks until the early 1990s, but since then the study of the theory of networks has blossomed. At the heart of this research is the idea that the pattern of connections between individual rational agents shapes their actions and determines their rewards. The importance of connections has in turn motivated the study of the very processes by which networks are formed. In Connections, Sanjeev

AbstractWhat drives the career advancement of female politicians in opaque selection environments where party activists hold sway? I argue that women's higher presence in local politics not only improves party elite responsiveness to greater talent supply (top‐down mechanism) but also expands women's capacity to organize grassroots activist networks to influence party‐nomination decisions (bottom‐up mechanism). Using the natural experiment of gender quotas in Delhi, which cause as‐if‐random variation in the number of local reserved seats within state constituencies, I estimate a novel effect of gender quotas. In state constituencies with women's higher presence in local politics, local female politicians are more likely to be promoted, and senior female politicians are more likely to get renominated. Qualitative evidence shows how women leverage grassroots networks and forge informal connections across party hierarchies. The findings emphasize the pivotal role of women's strategic political networks and grassroots organizing in shaping their political careers.

Satyaki Roy, Contours of Value Capture: India's Neoliberal Path of Industrial Development (Cambridge: Cambridge University Press, 2020), 202 pp., US$99.99, ISBN: 9781108486910 (Hardback).

Primary analysis on substance abuse in school-going children indicated that in private, expensive schools, only 25% of them practised substance abuse. But the results were encouraging, as the majority of them had become 'clean' or were undergoing therapy and would soon be on the way to recovery. They indicated that the relationships that were most affected were concerning academics and parents.

Extensive research investigates the impact of descriptive representation on women's political participation; yet, the underlying mechanisms remain unclear. This article develops a novel theory of descriptive representation, arguing that women politicians mobilize women's political participation by recruiting women as grassroots party activists. Evidence from a citizen survey and the natural experiment of gender quotas in India confirm that women politicians are more likely to recruit women party activists, and citizens report greater contact with them in reserved constituencies during elections. Furthermore, with women party activists at the helm, electoral campaigns are more likely to contact women, and activist contact is positively associated with political knowledge and participation. Evidence from representative surveys of politicians and party activists and fieldwork in campaigns, further support the theory. The findings highlight the pivotal role of women's party activism in shaping women's political behavior, especially in contexts with pervasive clientelism and persistent gender unequal norms.

AbstractWe examine predictions and outcomes for the Indian financial sector in the pandemic period to (i) build a case for re‐examining our understanding of the sector and (ii) improve risk perceptions and policy design. Reasons for outperformance include reforms that led to a better balance between discretion from public sector dominance and the excess volatility of market‐based systems. This diversity, as well as divergence of the Indian credit cycle from the global credit cycle, was protective given the sustained external risks. It put the sector in a position to support the domestic recovery, despite global quantitative tightening. Public sector banks contribute to diversity. Non‐bank financial companies reach the unbanked sectors and improve financial inclusion. Regulatory excesses and absence of liquidity support contributed to persistence of financial stress. Policy lessons are for countries to avoid policy over‐reaction, aim for diversity, different types of exposures, some uniformity in financial sector regulation, with the appropriate balance between discipline and support, in order to reduce risks. There are lessons from India's more broad‐based regulation for the narrow bank‐based regulation in advanced economies, which is increasing global financial fragilities and risks. The share of markets has risen so much there that diversity is falling.