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dc.contributor.authorRada, Codrinaen
dc.contributor.authorvon Arnim, Rudigeren
dc.date.accessioned2011-06-14-
dc.date.accessioned2012-09-28T12:40:19Z-
dc.date.available2012-09-28T12:40:19Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aThe University of Utah, Department of Economics |cSalt Lake City, UTen
dc.relation.ispartofseries|aWorking Paper |x2011-05en
dc.subject.jelO11en
dc.subject.jelO41en
dc.subject.jelE26en
dc.subject.ddc330en
dc.subject.keywordstructural changeen
dc.subject.keywordendogenous productivityen
dc.subject.keyworddual economyen
dc.subject.keywordChinaen
dc.subject.keywordIndiaen
dc.titleStructural transformation in China and India: The role of macroeconomic policies-
dc.typeWorking Paperen
dc.identifier.ppn656406933en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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