advertisement advertisement  

sameeksha Current Issue : VOL 47 No. 05 February 04 - February 10, 2012    See Full Contents>>
     Article Details
    The Analytics of Changing Growth Rates   (10th July 2010)
     Amitava Bose , Subhasankar Chattopadhyay
          A vast amount of research has asked how and why the growth rates in the Indian economy have risen in recent decades. Implicit in much of that literature is the belief that if the growth rate has increased it must be because something underlying has changed – had some parameters embedded in the “structure” of the economy not changed, the growth rate would have been constant. This is, however, a presumption that may not be true. The search for structural “breaks” is the outcome of a preoccupation with steady states and constant rates of growth. To redress the balance this article provides some simple examples of models in which the rate of growth is never constant but changes endogenously over time. The lesson therefore is that changes in the growth rate have no necessary link with changes in the underlying economic regime or economic structure. This is not an India-specific point but is based on a general analytical argument.


YOU MUST LOGIN TO VIEW FULL ARTICLES.

FOR SUBSCRIBERS ONLY
Email ID
Password
 
 Remember Me
 Forgot Password?
 Want to Subscribe?

NOTE: To view pdf files, you need an Acrobat Reader. If required please download
Acrobat Reader by clicking on the icon below .
getacro

320-321, A to Z Industrial Estate,
Ganpatrao Kadam Marg,
Lower Parel,
Mumbai, India 400 013
Phones: +91-22-40638282, Fax: +91-22-24934515
E-mail: epw.mumbai@gmail.com, edit@epw.in