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

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Import Tariffs as Strategic Policy Signals

sooner or later appear in journals like the EPW. It is not a question of brandishing political incorrectness, but given the not perturb the hard core feminist in the least. As there is theory on the outside, but mainly indulgence within, the term, 'feminification of theory' seems quite apposite.

Economic Reform and Industrial Growth

Economic Reform and Industrial Growth Murali Patibandla M Mallikarjun While the supporters of economic reform look at industrial growth mostly through supply side efficiency, critics point to the demand constraint. This note discusses some of the possible supply and demand side factors behind recent trends in industrial growth.

Indian Industry and Industrial Policy at the Crossroads

Indian Industry and Industrial Policy at the Crossroads Murali Patibandla Indian Industry: Policies and Peformance edited by Dilip Mookherjee; Oxford University Press, New Delhi, 1995; pp 378, Rs 495.

Import Protection and Exports

Import Protection and Exports Murali Patibandla THE note by Marjit and Sarkar (1995) in this journal attempts to show that reduction in tariffs on imports of a commodity could lead to decline in its exports. The arguments put forward by the authors is not only onesided but also leave serious gaps in the explanation of the possible results within their model. This note shows by taking the basic model used by Marjit and Sarkar that reduction in import tariffs on a commodity does not necessarily lead to a decline in its exports. If one takes import tariff reduction to be both on the final good and also on intermediate goods used in its production, it should lead to increase in exports by shifting the cost curves downward. Analysis of exports in the context of the present policy reforms towards making policy prescriptions warrants a careful examination of the effect of liberalisation polices in general on the evolution of the domestic market structure and its implications on costs of production rather than going by piecemeal approaches.

Defunct Economists and Economic Policy-Economic Policy Reforms in India

The headlong rush into a free market economy has been undertaken in India without constructing the minimum necessary institutional structures without which the crude free market economy can lead to disastrous consequences. Further, there has not been a careful assessment, within the framework of economic liberalisation. of the policy options for achieving faster economic growth.

Analysis of Short-Run Price Instability of-Cotton Hank Yarn

Cotton Hank Yarn Murali Patibandla H K Amar Nath This article shows that the lower counts cotton hank yarn, which are used to produce lower quality segment of handloom cloth, are subject to higher short-run price instability than the higher counts hank yarn which are used to produce higher quality handloom cloth. We argue that one of the dominant reasons for the higher price instability of lower counts hank yarn is that the spinning mill sector treats the production of these counts as a residual activity. This, in turn, leads to erratic supply adjustment and high price instability.

Factor and Product Market Distortions, Production Efficiency and International Trade

Production Efficiency and International Trade Murali Patibandla Policy-induced factor market distortions in resource allocation can be effectively used to shim the static inefficiency to bring about dynamic growth in an economy. This paper argues that static allocative inefficiency continues to plague the industrialisation process in India worsening the skewness of income distribution which has caused the fragmentation of the domestic market for manufactured goods.

Industrial Decontrol and Competition Policy-A Few Conceptual Issues

A Few Conceptual Issues Murali Patibandla In the context of the recent policy reforms, the industrial policy has two alternative policy options. One is the pursuit of a neutral competition policy, that does not interfere with a market structure or its evolution, but monitors and restrains anti-competitive conduct of firms. The other policy alternative is the one that plays an active role in the evolution of an .industrial structure and conduct and performance of firms. The paper brings out a few conceptual issues regarding these policy options.

Scale Economies and Exports in an Import Substituting Regime-Some Observations for Indian Industry

Substituting Regime Some Observations for Indian Industry IT is generally accepted that the highly inter ventionist and import substitution policies pursued by India, over the lasi four decades, has resulted in a large industrial base and also in dynamic comparative advantage in a few pockets, especially in the engineering industry. At the present stage of industrial development, one may not be able to hold on to the infant industry argument for the continuation of import protection because it can be easily discerned that many Indian industries have achieved a critical level of maturity. The import liberalisation that has taken place since the late 70s has been a partial one. The liberalisation has been mostly in the intermediate and a few specific capital goods sectors, while the final goods sectors continue to be heavily protected from imports.1 The continuation of import pro tection of the final goods sectors, generally dominated by large oligopoly firms, could be justified on the grounds that it leads to exploitation of scale economies. This, in turn, could result in relative advantage in the export markets.

Import Liberalisation and Engineering Industry-Some Issues of Short-Term Adjustment

acknowledging the existence of caste oppression, it is necessary to confront one more question: are there oppressor castes? In answering this question, it is not enough to accept that there are privileged castes. We have to go further. In the numerous instances of denial of temple entry, access to drinking water, or other practices of untouchability and caste oppression, do not non-ruling members of the upper, privileged castes participate? And is their participation in these acts of oppression not merely as lathaits, as hired hands of the landlords, but because the continuance of caste oppression is necessary for the maintenance of caste privileges? Privilege for the upper castes includes the possibility of engaging (exploiting) bonded farm hands (halwahas), who are kept in their place as bonded labourers by not just debt, but also caste oppression. Privilege for the upper castes and oppression of the lower castes form a unity, are the two opposed aspects of the caste system. The one cannot exist without the other. Oppressed castes cannot exist without caste differences. Difference is only another word for contradiction. Which is to say, oppressed castes and oppressor castes exist in a unity that can only be dissolved by ending (superseding) the caste system.

Role of Large and Small Firms in India s-Engineering Exports

Engineering Exports Murali Patibandla This paper examines the role of large and small firms in India's engineering exports under the existing policy regime and industrial structure. The government's industrial and trade policies and the domestic market structure appears to have encouraged large firms to be more inward oriented. The domestic market for final products is not only protected from imports but also characterised by strong entry barriers, which, in turn, appears to have resulted in higher relative profitability of domestic sales compared to exports. On the other hand, several small firms, which concentrate in producing intermediate products for (a few) large firms appear to be driven to export markets to reduce their dependence on the domestic market The paper derives certain broad observations and policy implications based on a firm level field study and a set of econometric exercises.

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