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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w19024 |
来源ID | Working Paper 19024 |
The 1991 Reforms, Indian Economic Growth, and Social Progress | |
Manmohan Agarwal; John Whalley | |
发表日期 | 2013-05-09 |
出版年 | 2013 |
语种 | 英语 |
摘要 | This paper analyzes the effects of the reforms initiated in India following the balance of payments (BOP) crisis of 1991 on economic performance. We do not find persuasive the contention of many analysts that growth accelerated after the mid-1980s when reforms were initiated. Nor does statistical analysis support the contention that reforms in the mid-1980s resulted in a growth acceleration. We show that there is an accelerating rate of growth of GDP after the mid 1970s and it is difficult to relate this gradual acceleration to specific policy changes. The changed policies in the 1980s did not mean a basic change in the policy framework. Furthermore, since corporate investment as a share of GDP did not increase in the 1980s it is difficult to identify the mechanism by which the more pro-business policies of the government were translated to higher growth. |
主题 | Macroeconomics ; Consumption and Investment ; International Economics ; Trade ; International Finance ; Development and Growth ; Growth and Productivity |
URL | https://www.nber.org/papers/w19024 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576698 |
推荐引用方式 GB/T 7714 | Manmohan Agarwal,John Whalley. The 1991 Reforms, Indian Economic Growth, and Social Progress. 2013. |
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