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Brief
Summary:
The Reserve Bank of India (RBI) has released Volume 44, No.1, 2023 of its Occasional Papers, featuring three research articles and four book reviews.
The articles discuss:
1. An Artificial Neural Network Quantile Regression (ANN-QR) model to estimate systemic risk exposure of major banks in India, suggesting that smaller private sector banks are more exposed to systemic risks during stress periods.
2. The impact of including land as an input on total factor productivity growth (TFPG) in Indian agriculture, revealing a significant improvement in TFPG growth and agricultural output growth.
3. The productivity performance of micro, small, and medium enterprises (MSMEs) and large firms in India's organised manufacturing sector during the COVID-19 pandemic, showing that productivity levels were comparable between MSMEs and large firms, with TFP growth increasing post-pandemic.
Meanwhile, the book reviews cover:
1. "Forks in the Road: My Days at RBI and Beyond"" by Dr. C. Rangarajan
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