Central Data Catalog

Citation Information

Type Journal Article - IMF Working Papers
Title J-curve of productivity and growth: Indian manufacturing post-liberalization
Author(s)
Issue 11/163
Publication (Day/Month/Year) 2011
Page numbers 1-34
URL http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1888906
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.

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