ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Buddhadeb GhoshSubscribe to Buddhadeb Ghosh

Role of Infrastructure in Regional Development-A Study over the Plan Period

A Study over the Plan Period Buddhadeb Ghosh Prabir De In literature, the impact of public investment and physical infrastructure on both private investment behaviour and regional economic development has been found to be highly significant and positive. The latter hypothesis is tested here on Indian states over the Plan period using OLS regression. For this purpose, a physical infrastructure development indicator is formulated with the help of principal component analysis. With various unavoidable data limitations, the results are significantly conclusive: first, regional disparity has been rising in recent period, and Plan outlay has not played any major role in this regard; second, regional imbalance in physical infrastructure has been found to be responsible for rising income disparity across the states.

Economic Growth and Regional Divergence-in India, 1960 to 1995

Sugata Marjit Chiranjib Neogi The current literature on regional convergence has centred on the empirical relationship between initial income and its long run growth rate found among the regions in the developed countries. The fundamental basis of the 'converging' outcome is the neo-classical assumption of the law of diminishing returns to capital In contrast to the conventional results of the developed countries, the present paper has found that Indian states have been diverging over the period of last 35 years, Moreover, this result does not nullify the role of planning through disbursement of development funds across the states. The Indian scenario exhibits interesting relationship between private and public capital in the regional contextLater a simple model is developed to highlight the relationship between growth and public investment.

Impact of Liberalisation on Performance of Indian Industries-A Firm Level Study

of Indian Industries A Firm Level Study Chiranjib Neogi Buddhadeb Ghosh This paper tries to see the impact of liberalisation on the performance of selected Indian industries with firm level data. The performance indicators chosen for this study are growth of value added, capital intensity, labour productivity (partial productivity indicator) and total factor productivity (TFP). The paper also observes the performance of these industries in terms of inter-temporal changes in efficiency from 1989 to 1994. It concludes that productivity growth and efficiency level have not improved as per expectation during the post-reform period and the distribution of efficiency is skewed. However, the time period is not long enough to reach any final conclusion. But such study is needed to review the impact of liberalisation on Indian industries for better monitoring of reform policies.

Technology-Intensive Industrialisation in LDCs-Experience of Indian Industries

in LDCs Experience of Indian Industries Dipankor Coondoo Chiranjib Neogi Buddhadeb Ghosh The growth and composition of industries have been fast changing in the LDCs mainly through foreign collaborations during the last few decades. But does this tendency of technology import generate efficient utilisation of inputs when the process is becoming more capital deepening as reflected in rising capital coefficients? This study aims at revealing some interesting phenomena regarding the performance of Indian manufacturing industries over the period 1974-75 to 1985-86. First, the growth of output in individual industries and their corresponding changes in capital coefficients have been studied. Second, a decomposition analysis has been done to find out the factors responsible for the rise in capital-output ratio. Finally the question of efficiency is examined from the relationship between capital-labour ratios and labour productivities by a comparative static analysis over different time spans. The study shows that while output grows at a very moderate rate, capital coefficients, on the other hand, rise at remarkably high rates. But this increasing capital coefficient fail to produce higher labour productivities across industries. Hence inefficiency of input used is the order of Indian industries during the period under review.


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