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India’s structural transformation and role in the world economy

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  • Codrina Rada
  • Rüdiger von Arnim

Abstract

This paper employs (1) a three-sector structuralist model of development with informal and formal activities and (2) a global one-sector model with demand determined outputs and bargained distribution to investigate whether India’s growth performance can be sustained, where the country might face constraints to growth, and how India’s growth matters in the global economy.

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File URL: http://economics.utah.edu/publications/2012_05.pdf
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Bibliographic Info

Paper provided by University of Utah, Department of Economics in its series Working Paper Series, Department of Economics, University of Utah with number 2012_05.

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Length: 34 pages
Date of creation: 2012
Date of revision:
Handle: RePEc:uta:papers:2012_05

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Keywords: structural change; informal sector; India; global demand JEL Classification: O11; O17; O53; F01;

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  1. Codrina Rada, 2007. "Stagnation or transformation of a dual economy through endogenous productivity growth," Cambridge Journal of Economics, Oxford University Press, vol. 31(5), pages 711-740, September.
  2. Ashkok Kotwal & Bharat Ramaswami & Wilima Wadhwa, 2011. "Economic liberalization and Indian economic growth: What's the evidence?," Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers 11-13, Indian Statistical Institute, New Delhi, India.
  3. Rudiger von Arnim & Codrina Rada, 2011. "Labor productivity and energy use in a three sector model: An application to Egypt," Working Paper Series, Department of Economics, University of Utah 2011_06, University of Utah, Department of Economics.
  4. Barun Deb Pal & Sanjib Pohit & Joyashree Roy, 2012. "Social Accounting Matrix For India," Economic Systems Research, Taylor & Francis Journals, vol. 24(1), pages 77-99, August.
  5. Codrina Rada & Rudiger von Arnim, 2011. "Structural Transformation in China and India: The Role of Macroeconomic Policies," Working Paper Series, Department of Economics, University of Utah 2011_05, University of Utah, Department of Economics.
  6. Jorgenson, Dale W. & Vu, Khuong Minh, 2013. "The emergence of the new economic order: Growth in the G7 and the G20," Journal of Policy Modeling, Elsevier, vol. 35(3), pages 389-399.
  7. Ranis, G. & Ramirez, A. & Stewart, F., 1997. "Economic Growth and Human Development," Papers 787, Yale - Economic Growth Center.
  8. Klein, Lawrence & Salvatore, Dominick, 2013. "Shift in the world economic center of gravity from G7 to G20," Journal of Policy Modeling, Elsevier, vol. 35(3), pages 416-424.
  9. Ojha, Vijay P. & Pradhan, Basanta K. & Ghosh, Joydeep, 2013. "Growth, inequality and innovation: A CGE analysis of India," Journal of Policy Modeling, Elsevier, vol. 35(6), pages 909-927.
  10. Salvatore, Dominick, 2010. "Growth or stagnation after recession for the U.S. and other large advanced economies," Journal of Policy Modeling, Elsevier, vol. 32(5), pages 637-647, September.
  11. Salvatore, Dominick, 2012. "Exchange rate misalignments and the present international monetary system," Journal of Policy Modeling, Elsevier, vol. 34(4), pages 594-604.
  12. Syrquin, M. & Chenery, H.B., 1989. "Patterns Of Development, 1950 To 1983," World Bank - Discussion Papers 41, World Bank.
  13. Angus Deaton & Jean Dreze, 2002. "Poverty and Inequality in India: A Re-Examination," Working Papers 184, Princeton University, Woodrow Wilson School of Public and International Affairs, Research Program in Development Studies..
  14. Taylor, Lance, 1985. "A Stagnationist Model of Economic Growth," Cambridge Journal of Economics, Oxford University Press, vol. 9(4), pages 383-403, December.
  15. Dutt, Amitava Krishna, 1984. "Stagnation, Income Distribution and Monopoly Power," Cambridge Journal of Economics, Oxford University Press, vol. 8(1), pages 25-40, March.
  16. Nelson H. Barbosa-Filho & Lance Taylor, 2006. "Distributive And Demand Cycles In The Us Economy-A Structuralist Goodwin Model," Metroeconomica, Wiley Blackwell, vol. 57(3), pages 389-411, 07.
  17. Rada, Codrina & von Arnim, Rudiger, 2012. "Structural transformation in China and India: A note on macroeconomic policies," Structural Change and Economic Dynamics, Elsevier, vol. 23(3), pages 264-275.
  18. Amartya K. Sen, 1966. "Peasants and Dualism with or without Surplus Labor," Journal of Political Economy, University of Chicago Press, vol. 74, pages 425.
  19. Rudiger von Arnim & Steve Bannister & Nathan Perry, 2013. "A global model of recovery and rebalancing," Cambridge Journal of Economics, Oxford University Press, vol. 37(4), pages 889-920.
  20. Codrina Rada, 2010. "Formal And Informal Sectors In China And India," Economic Systems Research, Taylor & Francis Journals, vol. 22(2), pages 129-153.
  21. Bhaduri, Amit & Marglin, Stephen, 1990. "Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies," Cambridge Journal of Economics, Oxford University Press, vol. 14(4), pages 375-93, December.
  22. Pyatt, Graham, 1988. "A SAM approach to modeling," Journal of Policy Modeling, Elsevier, vol. 10(3), pages 327-352.
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