Showing 1 - 10 of 49
Merit-based selection of bureaucrats is central to state capacity building, yet rare in developing countries. Most executives instead favor patronage -political discretion- in public employment. This paper proposes and tests an original theory to explain when executives forsake patronage for...
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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...
Persistent link: https://www.econbiz.de/10003758478
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 …
Persistent link: https://www.econbiz.de/10003768016
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 …
Persistent link: https://www.econbiz.de/10003781183
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 …
Persistent link: https://www.econbiz.de/10003781188
estimates the short and long run elasticities of India's trade. This brings out the need for structural reforms in raising the …
Persistent link: https://www.econbiz.de/10008907218
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Among fast growing developing countries, India is distinctive for the role of the service sector. However, sceptics … underscores the importance for India of continuing to invest in labour skills. We conclude that sustaining economic growth and … into one or the other. -- Services ; structural change ; India ; employment …
Persistent link: https://www.econbiz.de/10003963583
This paper presents a comprehensive set of stylised facts for business cycles in India from 1950-2010. We show that … persistence however, India looks more similar to advanced economies, and less like other emerging market economies. We argue that …". -- Emerging Market Business Cycle Models ; Structural Change ; India's Economic Reforms ; Good Luck Hypothesis …
Persistent link: https://www.econbiz.de/10009550164