J-Curve of Productivity and Growth: Indian Manufacturing Post-Liberalization
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Summary:
Most estimates of Indian manufacturing productivity find a slowdown in the 1990s. This has puzzled analysts, given that 1990s reforms were deeper and wider than the 1980s reforms that raised the growth rate of the Indian economy by 2 per cent points. This paper tests the hypothesis of the J curve of Productivity and Growth following major liberalization and finds it to be broadly supported by the data: Technological obsolescence, gradual adoption of new technology and learning by doing result in negative effects on measured productivity.
Series:
Working Paper No. 2011/163
Subject:
Economic sectors Labor Manufacturing Production Production growth Productivity Total factor productivity
English
Publication Date:
July 1, 2011
ISBN/ISSN:
9781455298730/1018-5941
Stock No:
WPIEA2011163
Pages:
34
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