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This paper uses the standard one-sector neoclassical growth model to investigate why China’s consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts that the price of capital may have been significantly...
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The paper reviews India’s macroeconomic performance and policies since 2000. The first section briefly summarizes key … to deal with the challenge of the unprecedented surge in external capital inflows into India. The final section outlines … India in macroeconomic policy and coping with a weak international economic environment. -- Economic growth ; inflation …
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India’s emergence in the world economy over the last decade, has often, in popular discourse, been attributed, at least … present an overview of India’s technological trajectory with a view to understanding the nuances of India’s technological … capability and the role it has played in the process of India’s economic progress. Our conclusion is that while India has …
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manufacturing sector of China and India. We first provide a comparison between India and China using a broad international … perspective. We find that China has increased its labor productivity to a level above that of India, but due to a somewhat higher … compensation level, China is still somewhat at a disadvantage in terms of unit labor cost in manufacturing relative to India. In …
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