The Challenge of Fiscal Reform in India
This paper argues that the growth performance of the Indian economy, while commendable by the standards of the pre reform period, is not adequate to rid India of the bane of poverty in a short enough time period. Two reasons are identified for this inadequate growth performance viz., low rate of savings and investment and poor productivity of public sector investments. The paper then discusses the design of fiscal policy to help raise the rate of saving and investment and improve the productivity of public expenditures.
|Date of creation:||2001|
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- John Douglas Wilson & Roger H. Gordon, 2003.
Journal of Public Economic Theory,
Association for Public Economic Theory, vol. 5(2), pages 399-417, 04.
- Roger H. Gordon & John D. Wilson, 2001. "Expenditure Competition," NBER Working Papers 8189, National Bureau of Economic Research, Inc.
- Gaurav Datt, 1999. "Has Poverty Declined since Economic Reforms? Statistical Data Analysis," Monash Economics Working Papers archive-31, Monash University, Department of Economics.
- Jha, Raghbendra, 2001. "Macroeconomics of Fiscal Policy in Developing Countries," Departmental Working Papers 2001-05, The Australian National University, Arndt-Corden Department of Economics.
- Jha, Raghbendra, 2001. "Macroeconomics of Fiscal Policy in Developing Countries," WIDER Working Paper Series 071, World Institute for Development Economic Research (UNU-WIDER).
- J. Humberto Lopez & K. Schmidt-Hebbel & Luis Servén, 2000. "How Effective is Fiscal Policy in Raising National Saving?," The Review of Economics and Statistics, MIT Press, vol. 82(2), pages 226-238, May.
- Loayza, Norman & Schmidt-Hebbel, Klaus & Serven, Luis, 2000. "What drives private saving around the world?," Policy Research Working Paper Series 2309, The World Bank.
- Raghav Gaiha, 2000. "Do Anti-poverty Programmes Reach the Rural Poor in India?," Oxford Development Studies, Taylor & Francis Journals, vol. 28(1), pages 71-95.
- Sah, Raaj Kumar, 1983. "How much redistribution is possible through commodity taxes?," Journal of Public Economics, Elsevier, vol. 20(1), pages 89-101, February.
- Jha,R., 2000. "Reducing Poverty and Inequality in India: Has Liberalization Helped?," Research Paper 204, World Institute for Development Economics Research.
- Jha, Raghbendra, 2002. "Reducing Poverty and Inequality in India: Has Liberalization Helped?," Departmental Working Papers 2002-04, The Australian National University, Arndt-Corden Department of Economics.
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