Economic Liberalization and the Vintages of Machinery Imports in Developing Countries: An Empirical Test for India's Imports from the United Kingdom
AbstractThis paper examines whether India's liberalization of machinery and machine tools since the mid-1980s has led to the use of more recent vintages and/or better quality equipment. Empirical tests compare the weight-adjusted unit values of India's imports with those of China, and also of the USA and Germany. Regression analyses use the five-digit and eight-digit SITC data of imports of those countries from the UK. For each of three years (1987, 1994 and 1996), India's weight-adjusted unit values were lower than those of the other countries. Further, over that 9-year period, the gap between India's unit values and those of the others did not decrease. A possible explanation is that India's reforms have not yet had sufficient time to have an effect and that this may require that enterprises undertake a greater effort to search for more recent vintages and also develop the technological capabilities and skills required for their use.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Oxford Development Studies.
Volume (Year): 28 (2000)
Issue (Month): 3 ()
Contact details of provider:
Web page: http://www.tandfonline.com/CODS20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Alvaro CUERVO-CAZURRA & Luis Alfonso DAU, 2008. "Structural Reform And Firm Profitability In Developing Countries," William Davidson Institute Working Papers Series wp940, William Davidson Institute at the University of Michigan.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.