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Expert briefing
Publication date: 27 September 2017

Economic policy of the Indian government's key policy think tank.

Details

DOI: 10.1108/OXAN-DB224715

ISSN: 2633-304X

Keywords

Geographic
Topical
Expert briefing
Publication date: 16 July 2015

Modi's economic policy course.

Details

DOI: 10.1108/OXAN-DB201019

ISSN: 2633-304X

Keywords

Geographic
Topical
Article
Publication date: 4 November 2014

Arvind Panagariya and Vishal More

The purpose of this paper is to ground in serious empirical evidence the debate on whether the post-reform acceleration in growth has helped bring poverty down for all economic…

1014

Abstract

Purpose

The purpose of this paper is to ground in serious empirical evidence the debate on whether the post-reform acceleration in growth has helped bring poverty down for all economic, social and religious groups and in all state or has left certain groups or states.

Design/methodology/approach

The paper uses unit-level data from the so-called thick rounds of expenditure surveys by National Sample Survey (NSS) in the years 1993-1994, 2004-2005, 2009-2010 and 2011-2012 and estimates the proportion of the population below the official Tendulkar line. Adequate care is taken to address the issue of sample size in reporting the estimates.

Findings

Whether we slice the data by social, religious or economic groups, by states or by rural and urban areas, poverty has significantly declined between 1993-1994 and 2011-2012 with a substantial acceleration during the faster-growth period from 2004-2005 to 2011-2012. Poverty rates among the disadvantaged social groups and minorities have declined faster so that the gap in poverty rates between them and the general population has declined. In 7 of the 16 states with large Muslim populations, the poverty rate for them is now below that for the Hindus.

Research limitations/implications

Use of survey data has its limitations, especially when the sample sizes are small. The paper also does not assess the direct contribution of growth in relation to that through redistribution.

Practical implications

The paper presents implications for identification of the poor for the purpose of designing targeted interventions.

Originality/value

This is the first paper to offer up-to-date estimates of poverty by social, religious and economic groups, by states and by rural and urban areas.

Details

Indian Growth and Development Review, vol. 7 no. 2
Type: Research Article
ISSN: 1753-8254

Keywords

Article
Publication date: 12 April 2013

Arvind Panagariya and Asha Sundaram

In this study, the authors aim to analyze India's trade performance from the period of liberalization until the recent financial crisis, and compare it to China's.

1204

Abstract

Purpose

In this study, the authors aim to analyze India's trade performance from the period of liberalization until the recent financial crisis, and compare it to China's.

Design/methodology/approach

The authors then examine Indian trade and investment policy and also institutional factors that potentially determine these trade patterns and performance, especially where they differ from China's.

Findings

Finally, the authors highlight future trade policy challenges for India and also provide suggestions to ensure strong growth in trade and integration with the global market.

Originality/value

This paper contributes by performing a comparative analysis of the Indian and Chinese experiences under trade liberalization and also by outlining potential challenges for Indian trade policy in the future.

Details

Indian Growth and Development Review, vol. 6 no. 1
Type: Research Article
ISSN: 1753-8254

Keywords

Executive summary
Publication date: 14 August 2017

INDIA: Key think-tank may become less market-oriented

Details

DOI: 10.1108/OXAN-ES223790

ISSN: 2633-304X

Keywords

Geographic
Topical
Expert briefing
Publication date: 6 August 2015

Data from the Socio-economic and Caste Census.

Details

DOI: 10.1108/OXAN-DB201496

ISSN: 2633-304X

Keywords

Geographic
Topical
Article
Publication date: 1 February 1991

Kenneth A. Reinert

During the 1950‐1979 period, the governments of Central Americaoften pursued “cheap‐food” policies. A general‐equilibriummodel is employed to show how these policies contributed…

77

Abstract

During the 1950‐1979 period, the governments of Central America often pursued “cheap‐food” policies. A general‐equilibrium model is employed to show how these policies contributed to the resource‐allocation patterns observed in the region during this period. The model also shows how cheap‐food policies contributed to the observed shift in the functional distribution of income from wages to rents and profits. An empirical test verifies the contribution of bean‐pricing policy to the shift in land resources away from food crops in Costa Rica, and the causes behind the relaxation of cheap‐food policies in the 1980s are discussed.

Details

Journal of Economic Studies, vol. 18 no. 2
Type: Research Article
ISSN: 0144-3585

Keywords

Open Access
Article
Publication date: 31 December 2004

Jung Taik Hyun and Jin Young Hong

The economic success of East Asia was due to an export-led growth strategy, which was heavily dependent on the global trading system underpinned by the General Agreement on…

Abstract

The economic success of East Asia was due to an export-led growth strategy, which was heavily dependent on the global trading system underpinned by the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO). In recent years, however; East Asian countries have shifted their trade policy focus to regional agreements and made Free Trade Agreements (FTAs) among themselves arid with other regions. Government organization has been restructured to increase FTA activities. Generally, the current literature predicts that FTA activities of East Asia would help to increase the welfare of the region. In this paper; we offer a critical assessment of East Asia FTAs. We note that East Asia FTAs provide incomplete coverage of sectors and are likely to lead to an inefficient resource allocation. FTA movements are not matched with actual trade flows. The benefits of East Asia FTAs are fairly limited and potential benefits, if any, would not likely be materialized in the near future. Our overall assessment is that the recent policy shift in East Asian countries from multilateral trade orientation or unilateral action to regionalism or a parallel multilateral and regional trade approach will not produce much gain. The governments should increase their efforts at economic reform and reduce barriers to trade and investment, rather than to allocate more resource and manpower to FTA activities.

Details

Journal of International Logistics and Trade, vol. 2 no. 2
Type: Research Article
ISSN: 1738-2122

Keywords

Book part
Publication date: 8 June 2012

Jagdish N. Bhagwati

The earliest arguments as the leaders of the newly independent developing countries began to plan for accelerated growth and resulting reduction of poverty – what I have called…

Abstract

The earliest arguments as the leaders of the newly independent developing countries began to plan for accelerated growth and resulting reduction of poverty – what I have called the progressive and activist ‘pull up’ strategy for reducing poverty, in contrast to the conservative characterization of it as a passive ‘trickle down strategy’ suggesting that the Earl of Nottingham and his vassals are eating leg of lamb and venison at a high table, with crumbs falling to the dogs and serfs below – involved answering a basic economic-philosophical question: How would integration into the world economy on dimensions such as trade, equity investment (i.e. multinationals), migration and technology (e.g. intellectual property protection) work? Would, as the opponents argued, integration into the world economy on these different dimensions lead to disintegration of the national economy; or would it help instead?

Details

Institutional Theory in International Business and Management
Type: Book
ISBN: 978-1-78052-909-7

Article
Publication date: 1 September 2007

Gretta Saab

The purpose of this paper is to attempt to highlight some issues in the development process of the economic and social commission for Western Asia (ESCWA) countries. The question…

1132

Abstract

Purpose

The purpose of this paper is to attempt to highlight some issues in the development process of the economic and social commission for Western Asia (ESCWA) countries. The question that may arise here is whether these countries can translate the different policies of trade as well as their potential and comparative advantage and their internal policies, into something more robust and helpful to promote growth and development.

Design/methodology/approach

The paper describes the role of foreign direct investment, gross capital formation, manufacturing and agriculture value added, and assesses their impact on the economy in the ESCWA countries.

Findings

If foreign direct investment and capital formation are essential components to growth and development, their role cannot be fully persistent if not purposeful. Also the economic structure of these developing economies show some reluctance to growth and development, a fact that promotes clarifying the process of shifting from primary to industrial sectors in order to promote growth and development.

Originality/value

Using a regression analysis of the factors that can promote growth, the findings of this study highlight the importance of liberalization and openness to outside countries in order to have faster growth, improve the productivity and the (GDP)/per capita in the different sectors of the economies of the ESCWA region.

Details

Competitiveness Review: An International Business Journal, vol. 17 no. 3
Type: Research Article
ISSN: 1059-5422

Keywords

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