The GDP growth structure of India is dominated by the growth in service sector. The Baumolian theories argue that the higher productivity in services is primary mover behind this growth pattern. On the other hand, Kaldorian theories argue that service …
More ›
Read the abstract and download the paper ›
Read the comments ›
1 comment
The Indian economy witnessed four qualitatively different regimes of capitalist growth and distribution since independence. The first two regimes in the period – 1951-1980 – operated under the hegemony of the Indian state, the third one under the mixed hegemony …
More ›
Read the abstract and download the paper ›
Read the comments ›
1 comment
This paper is a chapter from the author’s PHD thesis written in 2005. It examines the history of financial reforms in India up to 2005 and the consequences for the distribution of income and wealth. A short appendix provides a …
More ›
Read the abstract and download the paper ›
Read the comments ›
No comments
The policy reforms in India initiated in the early 1990s have brought phenomenal changes in the economy’s growth and development process. The economy during this period has experienced high growth rates on the one hand and increased inequalities on the …
More ›
Read the abstract and download the paper ›
Read the comments ›
No comments
The paper explores the impact of caste on production relations in contemporary India. Caste is analysed by means of conceptual categories borrowed from Gramsci’s theory of hegemony. Partially overcoming the conventional Marxist view of caste as a ‘false consciousness’, caste …
More ›
Read the abstract and download the paper ›
Read the comments ›
1 comment
Using data from the India Human Development Survey (IHDS) 2005, we examine intergenerational occupational mobility in India, an issue on which very few systematic and rigorous studies exist. We group individuals into classes and document patterns of mobility at the …
More ›
Read the abstract and download the paper ›
Read the comments ›
No comments
There has been growing concern over the sustainability of China’ s economic growth. The Chinese economy is excessively dependent on investment and exports, a pattern that has become increasingly unsustainable. The excessive dependence on investment and exports results from insufficient …
More ›
Read the abstract and download the paper ›
Read the comments ›
No comments
China’s growth, after the early years, has been built on industrial development in a model of unbalanced growth. This has left the rural areas trailing urban areas in development. Rural residents earn less than urban residents, have inferior physical infrastructure, …
More ›
Read the abstract and download the paper ›
Read the comments ›
No comments
Most analyses explain the increase in China’s overall inequality during the reform period principally by means of the expansion of urban-rural income gap. This paper tries to shed light on a more complex relationship that appears to exist between primary …
More ›
Read the abstract and download the paper ›
Read the comments ›
No comments
In a demand-side growth model we show that a developing economy may experi- ence a steady positive equilibrium growth rate of investment and profit as long as – investment in the economy is responsive to the aspirations of the richer …
More ›
Read the abstract and download the paper ›
Read the comments ›
1 comment