Title: J-Curve of Productivity and Growth; Indian Manufacturing Post-Liberalization
Abstract: 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.
Publication Year: 2011
Publication Date: 2011-07-01
Language: en
Type: preprint
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Cited By Count: 1
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