J-Curve of Productivity and Growth Indian Manufacturing Post-Liberalization

Most estimates of Indian manufacturing productivity find a slowdown in the 1990s. This has puzzled analysts, given that 1990s reforms were deeper and wider than the 1980s reforms that raised the growth rate of the Indian economy by 2 per cent points. This paper tests the hypothesis of the J curve of...

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Bibliographic Details
Main Author: Virmani, Arvind
Other Authors: Hashim, Danish
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 34 pages 
651 4 |a India 
653 |a Manufacturing industries 
653 |a One, Two, and Multisector Growth Models 
653 |a Labour 
653 |a Cross-Country Output Convergence 
653 |a Productivity 
653 |a Aggregate Productivity 
653 |a Cost 
653 |a Capital and Total Factor Productivity 
653 |a Production 
653 |a Industrial productivity 
653 |a Manufacturing 
653 |a Economic sectors 
653 |a Total factor productivity 
653 |a Industry Studies: Manufacturing: General 
653 |a Labor 
653 |a Industries: Manufacturing 
653 |a Macroeconomics: Production 
653 |a Labor Economics: General 
653 |a Macroeconomics 
653 |a Measurement of Economic Growth 
653 |a Capacity 
653 |a Economic theory 
653 |a Income economics 
653 |a Production growth 
653 |a Production and Operations Management 
653 |a Labor economics 
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520 |a Most estimates of Indian manufacturing productivity find a slowdown in the 1990s. This has puzzled analysts, given that 1990s reforms were deeper and wider than the 1980s reforms that raised the growth rate of the Indian economy by 2 per cent points. This paper tests the hypothesis of the J curve of Productivity and Growth following major liberalization and finds it to be broadly supported by the data: Technological obsolescence, gradual adoption of new technology and learning by doing result in negative effects on measured productivity