Indian Economic Growth: Lessons for the Emerging Economies

Suparna Chakraborty

No RP2008-67, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Can we use neoclassical growth model to single out the important transmission channels through which external factors or 'primitives' affected the Indian economy and caused the remarkable growth of the period 1982-2002? In this paper, we answer the question by applying the new technique of business cycle accounting to the Indian economy. Our results show us that the primary conduit of policies that brought about significant growth in India was productivity that registered an unprecedented increase particularly in the 1990s.

Keywords: Business cycles; Economic development; Convergence; Productivity; Taxation (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-cwa, nep-dev, nep-dge and nep-mac
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Citations: View citations in EconPapers (2)

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