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The experience of India in economic catch-up is unique when compared to other countries. First, the catch-up process of India was not only service-led, but also accompanied by a decoupling between manufacturing and services. Second, productivity performance in the service sector was higher than...
Persistent link: https://www.econbiz.de/10013055683
India’s success story in services is well documented at the national level, but similar literature does not exist for India’s states. In this paper, we bridge this gap in research by looking at India’s services growth at the sub-national level and in doing so, also challenge existing...
Persistent link: https://www.econbiz.de/10014190407
dataset. More than the catching-up effect, we will measure the convergence for three emerging countries: Brazil/China … past 10 years. A first contribution is that as the distance between the level of labor productivity in Brazil (China, India …
Persistent link: https://www.econbiz.de/10013076053
This paper attempts to examine, compare and forecast the per capita GDP of India, the USA, China, and Japan for a … ARIMA approach. The ARIMA equation varies for each country chosen. The notation for China is ARIMA (2,2,0), for India it is … the US & Japan. In the case of China, the catching-up effect takes place after 1989, as after that the GDP growth rate of …
Persistent link: https://www.econbiz.de/10013216161
Persistent link: https://www.econbiz.de/10012203183
This paper uses the standard one-sector neoclassical growth model to investigate why China’s consumption has been low … one form or the other, these distortions have implied significant transfers from households to firms. If China is to …
Persistent link: https://www.econbiz.de/10003758478
compute capital and labor misallocations in China and India using data for 26 sectors over the period 1980-2010. Our findings … stemming from an efficient allocation of factors to range from 25% to 35% in China and from 35% to 40% in India. Finally, we …
Persistent link: https://www.econbiz.de/10012960923
This articles emphasizes the important role of human capital, manufacturing and imports to increase real income per inhabitant and non-agrarian employment. Some researchers specialized in economic growth analyse the export-led growth in many countries and insist upon the importance of openness...
Persistent link: https://www.econbiz.de/10014215662
Following Bai (2004) and Bai and Ng (2004) we estimate a common factor representation of a panel of output series for India, disaggregated by 15 states and 14 broad industry groups. We find that a single common "V-Factor" accounts for a large part of the significant shift in the cross-sectional...
Persistent link: https://www.econbiz.de/10003809921
This paper examines changes in regional inequality in India in the 1990s, using data for 210 of India's districts, spread across nine states. It provides a finer-grained quantitative analysis of growth patterns than has hitherto been attempted for India. The methodology is that of cross-section...
Persistent link: https://www.econbiz.de/10010227915