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dc.contributor.authorRada, Codrinaen_US
dc.contributor.authorvon Arnim, Rudigeren_US
dc.date.accessioned2011-06-14en_US
dc.date.accessioned2012-09-28T12:40:19Z-
dc.date.available2012-09-28T12:40:19Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/64474-
dc.description.abstractThis paper explores macroeconomic policies that can sustain structural change in China and India. A two-sector open-economy model with endogenous productivity growth, demand driven output and income distribution as an important determinant of economic activity is calibrated to a 2000 SAM for China and a 1999/2000 SAM for India. Short-run analysis concerns temporary equilibria for output, productivity and employment growth rates in the formal sector. In the long-run, the model allows for multiple equilibria which can describe cases of (a) underdevelopment and structural heterogeneity or (b) sustained growth and development. Several simulation exercises are conducted. Specifically, we consider how changes in investment, wages, labor productivity trend and a depreciation of currency affect the macroeconomy and job creation in the formal sector.en_US
dc.language.isoengen_US
dc.publisherUniv. of Utah, Dep. of Economics Salt Lake City, Utahen_US
dc.relation.ispartofseriesWorking Paper, University of Utah, Department of Economics 2011-05en_US
dc.subject.jelO11en_US
dc.subject.jelO41en_US
dc.subject.jelE26en_US
dc.subject.ddc330en_US
dc.subject.keywordstructural changeen_US
dc.subject.keywordendogenous productivityen_US
dc.subject.keyworddual economyen_US
dc.subject.keywordChinaen_US
dc.subject.keywordIndiaen_US
dc.titleStructural transformation in China and India: The role of macroeconomic policiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn656406933en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Department of Economics Working Paper Series, University of Utah

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