Cover -- Title Page -- Copyright Page -- Contents -- List of Contributors -- Preface -- Chapter 1 - Political Economy of Resources and Infrastructure in India -- 1 - Problems with land acquisition -- 2 - Impact on industry -- 3 - Impact on the power sector -- 3.1 - Impact of Mining -- 3.2 -...

Why is GDP so much more volatile in poor countries than in rich ones? To answer this question, we propose a theory of technological diversification. Production makes use of different input varieties, which are subject to imperfectly correlated shocks. As in endogenous growth models,...

Why is GDP so much more volatile in poor countries than in rich ones? To answer this question, we propose a theory of technological diversification. Production makes use of different input varieties, which are subject to imperfectly correlated shocks. As in endogenous growth models,...