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Qualitative aspects of the Indian growth spurt of the 1980s

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  • G. Manish

Abstract

The Indian growth spurt of the 1980s has led DeLong ( 2003 ), Rodrik & Subramaniam (IMF Staff Papers 52(2):193–228, 2005 ) and Kohli (Economic and Political Weekly 41(14):1361–1370, 2006 ) to question the need for market reforms in the 1990s and the supporters of liberalization to argue that it was the result of piecemeal liberalization. Both sides of this debate focus exclusively on the quantitative aspects of the high growth while ignoring its underlying quality. This paper analyzes two aspects of the quality of growth during the 1980s. First, it considers whether the increases in production were concentrated in goods far removed from mass consumption and second, it analyzes certain characteristics of three consumer goods that serve as an indicator of their quality. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • G. Manish, 2014. "Qualitative aspects of the Indian growth spurt of the 1980s," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(3), pages 325-340, September.
    • Handle: RePEc:kap:revaec:v:27:y:2014:i:3:p:325-340
    DOI: 10.1007/s11138-013-0207-y
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    References listed on IDEAS

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    1. Panagariya, Arvind, 2011. "India: The Emerging Giant," OUP Catalogue, Oxford University Press, number 9780199751563, Decembrie.
    2. Dani Rodrik & Arvind Subramanian, 2005. "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition," IMF Staff Papers, Palgrave Macmillan, vol. 52(2), pages 193-228, September.
    3. Roy, T., 1996. "Market-resurgence, deregulation, and industrial response : Indian cotton textiles in the 1990s," ISS Working Papers - General Series 18950, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    4. Guhathakurta, Subhrajit, 1994. "Electronics Policy and the Television Manufacturing Industry: Lessons from India's Liberalization Efforts," Economic Development and Cultural Change, University of Chicago Press, vol. 42(4), pages 845-868, July.
    5. Deb Kusum Das, 2003. "Quantifing trade barriers: Has protection declined substantially in Indian manufacturing?," Indian Council for Research on International Economic Relations, New Delhi Working Papers 105, Indian Council for Research on International Economic Relations, New Delhi, India.
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    Cited by:

    1. Thomas L. Hogan & G. P. Manish, 2016. "Banking Regulation and Knowledge Problems," Advances in Austrian Economics, in: Studies in Austrian Macroeconomics, volume 20, pages 213-234, Emerald Group Publishing Limited.
    2. G. Manish & Benjamin Powell, 2014. "Capital Theory and the Process of Inter-Temporal Coordination: The Austrian Contribution to the Theory of Economic Growth," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 42(2), pages 133-142, June.

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    More about this item

    Keywords

    Asia; India; Economic development; Central planning; Economic growth; O12; O14; O21; O43;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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