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Ranjan Ray
Monash University
Ranjan.ray@buseco.monash.edu.au
Ranjan Ray is Professor of Economics at Monash University in Melbourne, Australia. Ranjan joined Monash University in January 2008 as Professor of Economics from the University of Tasmania. He served as Professor of Economics at the University of Tasmania from 1995 till the beginning of 2008. He also served as Head of Economics at the University of Tasmania from 1995-1998. Prior to that, Ranjan held the position of Professor of Public Economics at the Delhi School of Economics, India from 1989-1995. He moved to Delhi after holding a permanent position in the Department of Econometrics at the University of Manchester in the UK from 1979-1989. He has also held visiting positions at several top ranking academic institutions such as the University of British Columbia and Cornell University.

Ranjan did his undergraduate studies in Presidency College, Calcutta and obtained his B.A. in Economics from the Universityof Calcutta, India. He did his post graduate studies at the Delhi School of Economics, securing his M.A. from Delhi University. He then proceeded to undertake his doctoral studies at the London School of Economics and secured his Ph.D. from London University, U.K. Ranjan has a wide range of research interests that include the specification and estimation of demand systems, the design and reform of commodity taxes, gender bias in consumption patterns, intra household resource allocation, child labour, household poverty and dietary patterns in developing countries, multi-dimensional deprivation, corruption and the informal sector. Ranjan has published widely in a number of highly ranked journals in Economics including The Economic Journal, The Review of Economics and Statistics, Economica, Oxford Economic Papers, European Economic Review, Scandinavian Journal of Economics, Journal of Public Economics, Journal of Development Economics and The Economic Record. He is currently on the Editorial Board of the Economic Record, the official journal of the Economic Society of Australia. He has also been involved in projects funded by the World Bank and the ILO.

Articles By Ranjan Ray
Quality of governance and welfare outcomes
Posted On: 27 Apr 2016

Topics:   Political Economy

As the MDGs gave way to the SDGs, considerable attention has been focussed on movements in key welfare indicators for women and children in the past decade. In this context, this column compares India with Bangladesh, and also looks at the relative performance of Indian states. Further, it provides evidence on the strength of association between the quality of governance and welfare outcomes in India.
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Why the World Bank’s International Comparison Program has limited use for India
Posted On: 20 Feb 2015


Preliminary results from the World Bank’s International Comparison Program, which seeks to compare the economies of 199 countries across the globe, were released recently. In this article, Ranjan Ray, Professor of Economics, Monash University, highlights several features of the exercise that limits its usefulness for a diverse country such as India, and makes recommendations for the next round.
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A critical assessment of the Rangarajan Panel Report on poverty measurement
Posted On: 30 Oct 2014


An expert committee headed by C Rangarajan was appointed by the government to rethink poverty measurement in India. This column provides a critical assessment of the recently released report of the Committee. It contends that while the Committee has proposed some positive changes, it missed an opportunity to mark a significant departure from previous approaches to poverty measurement.
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Going beyond the Gujarat versus rest of India debate on growth rates
Posted On: 07 May 2014

Tags:   Gujarat

This column attempts to widen the ongoing growth rates-based debate on ‘Gujarat vs. rest of India’ by ranking Indian states on prices, cost of living, household expenditures and inequality, which measure how well states have truly fared in the past two decades. It highlights the spatial differences in terms of these indicators, and finds that prices vary across states at any given point in time. Inequalities have risen significantly in recent years, though there are sharp differences across states. It also shows that Gujarat has always ranked highly in terms of living standards.
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Economic growth versus social development: The spatial dimension
Posted On: 31 Jul 2013


In the context of the economic growth versus social development debate sparked off by Bhagwati and Sen, this column argues for a more nuanced approach to assessing progress. Combining nationally representative data on expenditure and social indicators for the different states in India, it explores the spatial dimension of the country’s economic development.
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Multi-dimensional deprivation in India: Comparisons with China and Vietnam
Posted On: 03 Aug 2012

Topics:   Health

While several studies have compared India with China on economic measures such as GDP per capita, this column looks at a measure of people’s deprivation across a wide range of indicators. It finds India lagging behind in several dimensions, particularly on children’s health.
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