Constructing data series from various sources, I do comprehensive growth accounting for the Indian Economy. Without accounting for human capital, total factor productivity differences over time accounts for 48% to 69% of output variation. TFP growth accounts for 35% to 70% of the total GDP...

This paper compares and contrasts the growth experience of India with that of China. Chinese economy has grown at much faster rate than Indian, but India seems to be catching up. The average estimated productivity growth rate of China (5.9%) is more than double that of India (2.4%). The...

Observers have asserted that India’s economic rise coincides with moral change. This study assesses some notable aspects of this claim by using public attitudes toward tax evasion and bribery as indicators of moral values. Using repeated cross-sectional data from the World Values Surveys, I...

On 9 January 2006, China's National Bureau of Statistics (NBS) announced a benchmark revision of GDP statistics for the years 1993-2004 based on the findings of the 2004 economic census. It released nominal values of GDP and sectoral value added (obtained following the production approach) for...

South Korea's growth miracle has been well documented. A large set of institutional and policy reforms in the early 1960s is thought to have contributed to the country's extraordinary performance. In this paper, the authors assess the importance of one key set of policies, the trade policy...

Objective - The objective of this study is to test direction of causality between components of public expenditure and economic growth in India.Methodology/Technique - The paper uses annual data for the period 1980-2015. To measure public expenditure, plan expenditure and non-plan expenditure...

Sovereign nations grow faster than non-sovereign ones. When Pakistan ceded economic management to the IMF in the late 1980s, the turn to neo-liberalism led to 14 years of decline in long-run rate of investment and growth from which it hasn't recovered. This cost the economy an estimated $75.6...

Total factor productivity plays an important role in the growth of the economy. Using recently available state level data over 1993 and 2005, we find widespread regional variation in productivity changes. In the beginning of the liberalization era, improvement in technical efficiency contributes...

One of the most important factors for economic growth, development and stability is the financial system. The more stable, strong and developed is the financial system in a country; the more likely is that country's economy to be solid and able to maintain long-term growth. This research will...

Many successful examples of economic development, such as South Korea, exhibit long periods of sustained capital accumulation. This process is characterized by a gradually rising investment rate along with a moderate rate of return to capital, both of which are strongly at odds with the standard...