Download Policy Regimes and Industrial Competitiveness: A Comparative by Pradeep Agrawal, Subir V. Gokarn, Veena Mishra, Kirit S. PDF

By Pradeep Agrawal, Subir V. Gokarn, Veena Mishra, Kirit S. Parikh

This e-book appears to be like on the fiscal functionality of East Asia over the last 3 a long time in a unified manner. the focal point is at the universal forces, generated by way of every one country's guidelines, that together produced such profitable results. The position of macroeconomics and microeconomic components are analyzed. For comparability, an analogous framework is used to ascertain the fewer profitable functionality of the Indian economic system. The research emphasizes the importance of the general institutional context within which rules are applied in identifying their effectiveness.

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Extra resources for Policy Regimes and Industrial Competitiveness: A Comparative Study of East Asia and India

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Further, these studies generally found evidence to support the existence of a ‘threshold’ effect, meaning that the relationship between export performance and GDP growth was stronger for the higher-income countries in an LDC sample and it virtually disappeared when the sample was confined to low-income countries. A further development occurred when Heller and Porter (1978) showed that these studies had not fully corrected for the composition problem referred to above. When they corrected for this by testing the association between non-export GDP growth and export performance, they found an even stronger relationship between the two.

5). 2 SIN TAIW Real exchange rate, 1966–92, Korea, Singapore and Taiwan Sources: International Financial Statistics, IMF; and for Taiwan, Statistical Databook (CEPD, 1994). country average of 29 and 515 for the same period. This is often taken to indicate a creditable performance on the part of the Indian government in maintaining macroeconomic stability, yet India’s average inflation rate for this period is lower only than that of Korea and Indonesia in our sample of six East Asian countries. Clearly, India’s performance in this regard is by no means exceptional.

Based on this debate, we partition the analysis of policy regimes into two segments. 1. In the first segment, we discuss the instruments of selective intervention and relate these to the outcomes manifested by our sample economies. As suggested above, the instruments used are basically the same across countries; however, the degree of each, and therefore its relative importance in influencing the outcome in the 22 Policy Regimes and Industrial Competitiveness targeted industry, may vary across countries and also within the same country over time.

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