One of the key features of modern economic growth is the process of structural transformation, which is the movement of workers from agriculture to manufacturing and services. In this study, the author identifies different routes to structural transformation that we see in the developing world....

This study is an attempt to investigate the relationship between environmental quality and per capita NSDP (i.e., Environment Kuznets Curve, EKC) of 14 major Indian States in the light of their very high economic growth in the post-liberalisation period. The analysis involves first ranking the...

This paper tries to see the role of the actual expenditure on pollution and control equipment in a particular State on the location choice of foreign firms in India. Based on Levinson (2001), we compute Industry-adjusted pollution abatement expenditure index for 25 States for different time...

Purpose: The pulp and paper industry has been the focus of government policies ever since independence. This is the only industry where government plays a multi-dimensional role – not only as the regulator but also as the supplier of raw material and as the buyer. Despite the government's...

Purpose: The purpose of this paper is to enhance our understanding of effects of International Clearing Unions on the exchange market pressure (EMP). Using Asian Clearing Union (ACU) as an example of a typical International Clearing Union, the authors infers that ACU has not been very...

This article tests whether manufacturing has acted as an ‘engine of growth’ for the Indian states in the post-1990s.Our methodology involves regressing the state domestic product (SDP) growth rates on growth rates of manufacturing. If the coefficient of manufacturing growth is...

Increased integration between the developed and developing countries has seen substantial decrease in trade-related barriers. In addition, there is a debate that developing countries tend to lower the environmental standards to attract more foreign direct investment (FDI). In this context, the...

Recent policy discussions recognize the limitations of formal regulations to stem pollution in developing countries. As a result, there is growing interest in the potential of informal regulations to achieve environmental goals. In India, many polluting industries fall under the rubric of the...

The 2003 Indian Electricity Act incentivizes captive power production through open access in an attempt to harness all sources of generation. Yet, we observe that only some firms self-generate while others do not. In this paper we give a transaction cost explanation for such divergent behavior....