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We estimate the rate of total factor productivity growth in Indian manufacturing industry for the period 1973-1992, and compare the results to those obtained by Young for the East Asian Tigers. We then interpret our results in light of Krugman's hypothesis that, because the Asian Miracle was...
Persistent link: https://www.econbiz.de/10012471341
India's Industrial Disputes Act (IDA) of 1947 requires firm with more than 100 workers to pay large costs if they …
Persistent link: https://www.econbiz.de/10012616599
While India is distinctive among developing countries for its fast-growing service sector, sceptics have raised doubts …
Persistent link: https://www.econbiz.de/10012461900
We compare the recent economic performances of China and India using a simple growth accounting framework that produces … roughly double that of India at the aggregate level, and also higher in each of the three sectors in both sub-periods. In …'s aggregate productivity growth. In contrast, 45 percent of the growth in India in the second sub-period came in services …
Persistent link: https://www.econbiz.de/10012465713
This paper empirically examines India's economic growth experience during 1960-2004, focusing on the post 1973 … acceleration. Careful attention is paid to data quality. The analysis focuses on two unusual dimensions of India's experience … raised that growth in services may be overstated. India will need to broaden its current expansion to provide manufactured …
Persistent link: https://www.econbiz.de/10012465755
Analyzing a variety of cross-national and sub-national data, we argue that high adult mortality reduces economic growth by shortening time horizons. Higher adult mortality is associated with increased levels of risky behavior, higher fertility, and lower investment in physical and human capital....
Persistent link: https://www.econbiz.de/10012467057
In this paper, we document the fact that countries that have experienced occasional financial crises have, on average, grown faster than countries with stable financial conditions. We measure the incidence of crisis with the skewness of credit growth, and find that it has a robust negative...
Persistent link: https://www.econbiz.de/10012467611
Most conventional accounts of India's recent economic performance associate the pick-up in economic growth with the …
Persistent link: https://www.econbiz.de/10012468317
productivity growth. In an application to India, we find that productivity growth in consumer services such as retail and …
Persistent link: https://www.econbiz.de/10012496104
development quest. The sample includes seven developing countries--Botswana, Ghana, Nigeria, Zambia, India, Vietnam and Brazil …
Persistent link: https://www.econbiz.de/10012455303