Qualitative aspects of the Indian growth spurt of the 1980s

Qualitative aspects of the Indian growth spurt of the 1980s The Indian growth spurt of the 1980s has led DeLong (2003), Rodrik & Subramaniam (IMF Staff Papers 52(2):193–228, 2005) and Kohli (Economic and Political Weekly 41(14):1361–1370, 2006) to question the need for market reforms in the 1990s and the supporters of liberalization to argue that it was the result of piecemeal liberalization. Both sides of this debate focus exclusively on the quantitative aspects of the high growth while ignoring its underlying quality. This paper analyzes two aspects of the quality of growth during the 1980s. First, it considers whether the increases in production were concentrated in goods far removed from mass consumption and second, it analyzes certain characteristics of three consumer goods that serve as an indicator of their quality. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Qualitative aspects of the Indian growth spurt of the 1980s

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Publisher
Springer US
Copyright
Copyright © 2013 by Springer Science+Business Media New York
Subject
Economics / Management Science; Public Finance & Economics; Political Science, general; Methodology and the History of Economic Thought
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-013-0207-y
Publisher site
See Article on Publisher Site

Abstract

The Indian growth spurt of the 1980s has led DeLong (2003), Rodrik & Subramaniam (IMF Staff Papers 52(2):193–228, 2005) and Kohli (Economic and Political Weekly 41(14):1361–1370, 2006) to question the need for market reforms in the 1990s and the supporters of liberalization to argue that it was the result of piecemeal liberalization. Both sides of this debate focus exclusively on the quantitative aspects of the high growth while ignoring its underlying quality. This paper analyzes two aspects of the quality of growth during the 1980s. First, it considers whether the increases in production were concentrated in goods far removed from mass consumption and second, it analyzes certain characteristics of three consumer goods that serve as an indicator of their quality.

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Feb 24, 2013

References

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