| Description |
1 online resource (42 pages) |
| Series |
IMF Working Papers, 2227-8885 ; Working Paper No. 04/77 |
|
IMF Working Papers ; Working Paper no. 04/77
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| Contents |
Contents -- I. INTRODUCTION -- II. THE FACTS -- III. EXPLANATIONS THAT DON�T WORK -- A. Was It a Favorable External Environment? -- B. Aggregate Demand and Unsustainability of 1980s Growth -- C. External Liberalization -- D. Was It the Green Revolution? -- E. Was It Public Investment? -- F. Was It “Internal� Liberalization? -- IV. POSSIBLE EXPLANATION -- V. CONCLUDING REMARKS -- References |
| Summary |
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 |
| Notes |
Available in PDF, ePUB, and Mobi formats on the Internet |
| Bibliography |
Includes bibliographical references |
| Subject |
Economic history.
|
|
Economic history
|
| SUBJECT |
India -- Economic conditions -- Econometric models
|
|
India. http://id.loc.gov/authorities/names/n80125948
|
| Subject |
India
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| Form |
Electronic book
|
| Author |
Subramanian, Arvind
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|
Rodrik, Dani
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|
International Monetary Fund.
|
| ISBN |
1451896263 |
|
9781451896268 |
|
9781451850024 |
|
1451850026 |
|
