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Import and Domestic Production of Capital Goods From Substitution to Complementarity

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  • Saikat Sinha Roy
  • D. Narayana
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    Abstract

    Structural Adjustment is aimed at altering the Incentive framework for private enterprise so as to bring it to the centre stage of domestic economic activity. The prime mover for investment and growth then becomes the private sector in general, and private corporate sector [PCS] in particular. Investment is driven by the expectation of profitability. One of the important factors making for a rise in profitability is the introduction of new technology, products, or processes.' New technology is imported from the developed countries and is often embodied in capital goods. [Working Paper No.269]

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    Bibliographic Info

    Paper provided by eSocialSciences in its series Working Papers with number id:3140.

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    Date of creation: Nov 2010
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    Handle: RePEc:ess:wpaper:id:3140

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    Keywords: Structural; framework; private; economic; profitability;

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