Economics - Publications

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Browsing Economics - Publications by Subject "Agglomeration externalities"
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    Agglomeration taxes in the indian states due to wider economic benefits: An empirical assessment
    ( 2021-01-01) Bhutani, Saloni ; Mishra, Alok Kumar
    This paper carries out an empirical study to examine the contribution of urban areas in generating tax revenue and growth at 28 Indian state levels. The study is based on the hypothesis that the productivity and agglomeration externality effects present in cities, known as “wider economic benefits”, lead to enhanced tax bases of State Governments. The cross-sectional estimation has confirmed that urbanization and state gross domestic product per capita significantly contribute to the tax bases of State Governments, such as sales tax, stamps, registration duty and motor vehicle tax. These three agglomeration taxes (including goods and services tax) are recommended for sharing with urban local bodies.
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    Cities and agglomeration externalities: Lessons for urban public policy in Asian countries
    ( 2014-02-01) Mohanty, Prasanna K. ; Mishra, Alok K.
    Cities are home to agglomeration externalities, which, interacting with knowledge externalities, drive economic growth during structural transformation of nations. Yet policy-makers in several developing countries in the past seemed to have had an anti-urban bias. This is primarily due to the lack of appreciation of externalities of cities and their role in facilitating economic growth and generating resources for economic development, including urban and rural development. Recognizing the critical need of Asian countries to harness the power of agglomeration externalities in cities for growth, this article examines the nature and sources of agglomeration externalities and derives lessons for the formulation of urban public policy in the urbanizing countries of Asia, including India.
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    Cities and agglomeration externalities: Lessons for urban public policy in Asian countries
    ( 2014-02-01) Mohanty, Prasanna K. ; Mishra, Alok K.
    Cities are home to agglomeration externalities, which, interacting with knowledge externalities, drive economic growth during structural transformation of nations. Yet policy-makers in several developing countries in the past seemed to have had an anti-urban bias. This is primarily due to the lack of appreciation of externalities of cities and their role in facilitating economic growth and generating resources for economic development, including urban and rural development. Recognizing the critical need of Asian countries to harness the power of agglomeration externalities in cities for growth, this article examines the nature and sources of agglomeration externalities and derives lessons for the formulation of urban public policy in the urbanizing countries of Asia, including India.