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dc.contributor.authorChakraborty, Suparnaen_US
dc.date.accessioned2010-02-16en_US
dc.date.accessioned2011-04-26T07:41:08Z-
dc.date.available2011-04-26T07:41:08Z-
dc.date.issued2008en_US
dc.identifier.isbn978-92-9230-121-7en_US
dc.identifier.urihttp://hdl.handle.net/10419/45116-
dc.description.abstractCan we use neoclassical growth model to single out the important transmission channels through which external factors or primitives affected the Indian economy and caused the remarkable growth of the period 1982-2002? In this paper, we answer the question by applying the new technique of business cycle accounting to the Indian economy. Our results show us that the primary conduit of policies that brought about significant growth in India was productivity that registered an unprecedented increase particularly in the 1990s. Our results further indicate that changes in labour market frictions and investment market frictions did not play a significant role, though increased government consumption aided growth by propping up demand. In addition, we examine the effective tax rates in India and find that while investment taxes barely fluctuated, income tax rates were increasing throughout. We suspect other positive developments in the Indian economy overwhelmed the negative effect of increasing labour income taxes on growth. Our result suggests that any emerging country that aims to replicate the Indian experience would do well to formulate policies that target productivity, a lesson that seems consistent with the Japanese experience since the Second World War.en_US
dc.language.isoengen_US
dc.publisherUNU-WIDER Helsinkien_US
dc.relation.ispartofseriesResearch paper / UNU-WIDER 2008.67en_US
dc.subject.jelE13en_US
dc.subject.jelE32en_US
dc.subject.ddc330en_US
dc.subject.keywordbusiness cycle accountingen_US
dc.subject.keywordIndiaen_US
dc.subject.keywordgrowthen_US
dc.subject.keywordwedgesen_US
dc.subject.keywordneoclassical growthen_US
dc.subject.keywordtaxesen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwNeoklassiken_US
dc.subject.stwKonjunkturen_US
dc.subject.stwIndienen_US
dc.titleIndian economic growth: Lessons for the emerging economiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn575630264en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

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