From “Hindu Growth” to Productivity Surge

Released on by Mr.Dani Rodrik
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  • From “Hindu Growth” to Productivity Surge Book Detail

  • Author : Mr.Dani Rodrik
  • Release Date : 2004-05-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 44
  • ISBN 13 : 1451850026
  • File Size : 8,8 MB
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From “Hindu Growth” to Productivity Surge by Mr.Dani Rodrik PDF Summary

Book Description: This paper explores the causes of India's productivity surge around 1980, more than a decade before serious economic reforms were initiated. Trade liberalization, expansionary demand, a favorable external environment, and improved agricultural performance did not play a role. We find evidence that the trigger may have been an attitudinal shift by the government in the early 1980s that unlike the reforms of the 1990s, was probusiness rather than promarket in character, favoring the interests of existing businesses rather than new entrants or consumers. A relatively small shift elicited a large productivity response, because India was far away from its income-possibility frontier. Registered manufacturing, which had been built up in previous decades, played an important role in determining which states took advantage of the changed environment.

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India as a Model for Global Development

India as a Model for Global Development

File Size : 73,73 MB
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India is an emerging market economy, and has been more successful than most other emerging economies. Key to this success are India’s ancient legacy of consen