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

J-Curve of Productivity and Growth: Indian Manufacturing Post-Liberalization by Arvind Virmani
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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.
International Monetary Fund; July 2011
34 pages; ISBN 9781462364756
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Title: J-Curve of Productivity and Growth: Indian Manufacturing Post-Liberalization
Author: Arvind Virmani; Danish A Hashim
 
ISBNs
1462364756
9781455298730
9781462325405
9781462364756