The pattern and causes of economic growth in India
梳理印度独立以来的宏观经济增长参数,通过跨国比较识别增长模式,并分析1980-1990年代不同政策的相对重要性,探讨储蓄率变化、增长与发展的关系以及劳动市场监管的影响。
This paper presents the broad macro parameters of the growth of the Indian economy since the nation's independence and a cross-country evaluation of where India stands, drawing out the patterns discernible in these aggregative statistics. The paper gives an overview of the on-going debate on the components of the Indian growth and the relative importance of the different policies in the 1980s and 1990s. It contributes to this debate by identifying the landmark years, and analysing the politics behind some of the economics. The paper also analyses the factors behind the changes in India's savings rate and the relation between growth and development, on the one hand, and the nature of labour market regulation, on the other.