Structural transformation in most currently developing countries takes the form of a rapid rise in services but limited industrialization. In this paper, we propose a new methodology to structurally estimate productivity growth in service industries that circumvents the notorious difficulties in...

After 10 years of impressive growth, India is now the fourth largest economy in the world. Yet, to date, Indias' impact on global commodity markets has been muted. The authors examine how Indias' domestic and trade policies have distorted and constrained its demand for commodities. They find...