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Resolving Vertical and Horizontal Imbalances in India

2024· book-chapter· en· W4405228107 on OpenAlexaboutno aff
C. Rangarajan, Dinesh Kumar Srivastava

Bibliographic record

Venuenot available
Typebook-chapter
Languageen
FieldEconomics, Econometrics and Finance
TopicFiscal Policy and Economic Growth
Canadian institutionsnot available
Fundersnot available
KeywordsEconomicsRevenuePublic economicsTax revenueIncentiveMicroeconomicsFinance

Abstract

fetched live from OpenAlex

Abstract This chapter brings together the ideas developed based on theoretical considerations, and the Canadian and Australian examples, to comprehensively examine the design of fiscal transfers in India in resolving vertical and horizontal imbalances. With respect to the vertical dimension, we note that in India, there has been long-term stability, at least up to the Twelfth Finance Commission, in the shares of the centre and the states in the combined tax revenues of the system after tax devolution. This chapter also shows that, subject to certain assumptions, tax revenue sharing under an axiomatic framework will result in transfers that will be consistent with the concept of revenue side equalization as used in Canada. The difference is that in the Indian case, a macro base rather than a tax-by-tax approach is followed on the revenue side. A major issue in following a criteria-based tax devolution approach relates to objectively determining weights attached to different criterion. We have suggested an axiomatic framework for this. It is also argued that for determining grants, the revenue gap approach leads to significant adverse incentives. This should be replaced by a suitable norm-based approach. The volume of fiscal transfers and the extent of borrowing are interdependent. With respect to borrowing, it is important to develop a sustainability framework. A healthy and stable system of fiscal transfers requires that borrowing by the central and state governments is kept at sustainable levels.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.003
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Other · Consensus signal: Other
Teacher disagreement score0.028
Threshold uncertainty score0.056

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0020.003
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0020.003
Science and technology studies0.0020.003
Scholarly communication0.0040.002
Open science0.0010.004
Research integrity0.0010.001
Insufficient payload (model declined to judge)0.0080.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.022
GPT teacher head0.204
Teacher spread0.182 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreOther

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2024
Admission routes1
Has abstractyes

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