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Constructing data series from various sources, I do comprehensive growth accounting for the Indian Economy. Without accounting for human capital, total factor productivity differences over time accounts for 48% to 69% of output variation. TFP growth accounts for 35% to 70% of the total GDP...
Persistent link: https://www.econbiz.de/10014214898
The structural transformation of the Indian economy from agriculture (primary sector) dominated to one led by the services sector (tertiary sector), bypassing the intermediate stage of manufacturing (secondary sector) led growth, offers an alternative to conventional theories of economic...
Persistent link: https://www.econbiz.de/10014131989
Persistent link: https://www.econbiz.de/10003863007
and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts … rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms and financial …
Persistent link: https://www.econbiz.de/10003758478
answer to everything, the need is more than the capital investment. This paper is an effort to propose the possibilities of …
Persistent link: https://www.econbiz.de/10014151761
equipment investment on aggregate economic growth. First, statistical tests of structural change show that economic growth in … only at two points: 1978-79 and 2004-05. Second, to analyze the impact of equipment investment on growth, I use an ARDL … bounds testing methodology. I find a positive and statistically significant long run positive impact of private investment in …
Persistent link: https://www.econbiz.de/10012136993
Post reform India has generated high economic growth, yet progress in income poverty and many other key development outcomes has been modest. This paper primarily examines how inclusive economic growth has been in India between 2005-06 and 2015-16 in reducing multidimensional poverty captured by...
Persistent link: https://www.econbiz.de/10013224498
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/10010274009
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