Showing 1 - 10 of 22
This paper examines the role of agricultural diversity in the process of development. Using data from U.S. counties and exploiting climate-induced variation in agricultural production patterns, I show that mid-19th century agricultural diversity had positive long-run effects on population...
Persistent link: https://www.econbiz.de/10012455494
We estimate the rate of total factor productivity growth in Indian manufacturing industry for the period 1973-1992, and compare the results to those obtained by Young for the East Asian Tigers. We then interpret our results in light of Krugman's hypothesis that, because the Asian Miracle was...
Persistent link: https://www.econbiz.de/10012471341
We compare the recent economic performances of China and India using a simple growth accounting framework that produces … estimates of the contribution of labor, capital, education, and total factor productivity for the three sectors of agriculture … roughly double that of India at the aggregate level, and also higher in each of the three sectors in both sub-periods. In …
Persistent link: https://www.econbiz.de/10012465713
This paper empirically examines India's economic growth experience during 1960-2004, focusing on the post 1973 … acceleration. Careful attention is paid to data quality. The analysis focuses on two unusual dimensions of India's experience … the reallocation of resources out of agriculture to more productive activities in industry and services. But concerns are …
Persistent link: https://www.econbiz.de/10012465755
Analyzing a variety of cross-national and sub-national data, we argue that high adult mortality reduces economic growth by shortening time horizons. Higher adult mortality is associated with increased levels of risky behavior, higher fertility, and lower investment in physical and human capital....
Persistent link: https://www.econbiz.de/10012467057
In this paper, we document the fact that countries that have experienced occasional financial crises have, on average, grown faster than countries with stable financial conditions. We measure the incidence of crisis with the skewness of credit growth, and find that it has a robust negative...
Persistent link: https://www.econbiz.de/10012467611
Most conventional accounts of India's recent economic performance associate the pick-up in economic growth with the …
Persistent link: https://www.econbiz.de/10012468317
To investigate how fuel economy is valued in the Indian car market, we compute the cost to Indian consumers of purchasing a more fuel-efficient vehicle and compare it to the benefit of lower fuel costs over the life of the vehicle. We use hedonic price functions for four market segments (petrol...
Persistent link: https://www.econbiz.de/10012461670
While India is distinctive among developing countries for its fast-growing service sector, sceptics have raised doubts …
Persistent link: https://www.econbiz.de/10012461900
In many developing countries today, the structural transformation is a shift of employment out of agriculture into the … productivity growth. In an application to India, we find that productivity growth in consumer services such as retail and …
Persistent link: https://www.econbiz.de/10012496104