Demonetisation and its Discontent: Political Strategy and Competition in Indian Elections
11:30am - 12:30pm
Zoom

On 8 November 2016, the Prime Minister of India announced the demonetization of notes that made up 86% of cash in circulation in India. I examine the impact of the prolonged cash shortage that followed on the political competition in the assembly elections within a year of the event. Using a difference-in-difference methodology, I show that demonetization had significant impacts on the political competition and the voter turnout in the elections that followed. Next, using the demonetization event and voter turnout in the past as instrumental variables for the number of candidates running for office and voter turnout, I show that Bhartiya Janta Party (BJP), the political party in power at the federal level that implemented demonetization, benefited from the decrease in competition and increase in voter turnout. However, comparing elections within a year after demonetization but in different months, I find suggestive evidence that voter preference might also have changed in favor of BJP over this period.

日期
时间
11:30am - 12:30pm
地点
Zoom
讲者/ 表演者:
Tushar Bharati
University of Western Australia

Tushar Bharati is an Assistant Professor of Economics at the UWA Business School. His key areas of research are development economics, economics of education, and labour economics. 

语言
英文
适合对象
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主办单位
HKUST Institute for Emerging Market Studies
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