Friday, December 19, 2014

Tweet

[IWS] ADB: IS INDIA'S LONG-TERM TREND GROWTH DECLINING? [19 December 2014]

IWS Documented News Service

_______________________________

Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

________________________________________________________________________

This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

Asian Development Bank (ADB)

ADB Economics Working Paper Series No. 424

 

IS INDIA'S LONG-TERM TREND GROWTH DECLINING? [19  December 2014]

by Patnaik, Ila and Pundit, Madhavi

http://www.adb.org/publications/indias-long-term-trend-growth-declining

or

http://www.adb.org/sites/default/files/publication/151494/ewp-424.pdf

[full-text, 29 pages]

 

The recent decline in GDP growth in India raised a debate about whether it is a trend or a business cycle slowdown. The paper finds that the recent growth decline in India has elements of a business cycle and a trend slowdown.

 

The paper observed a cyclical downturn post-global financial crisis due to external and domestic conditions, and that the economy also witnessed a negative shock to trend caused by policy uncertainty. With global recovery strengthening and appropriate demand management policies, the cycle can be reversed. Given that the long-run supply of factors appears strong and institutional capacity for reform exists, policy action in eliminating structural bottlenecks in factor markets can render the negative shock temporary. Thus, trend growth can also pick up.

 

Contents

 

Abstract

Introduction

Drivers of Gross Domestic Product Growth

Estimating Trend Growth

Business Cycle Slowdown

Conclusion

Appendix

References

 

________________________________________________________________________

This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

 

 

 

 

 

 

 

 

 




Links to this post:

Create a Link



<< Home

This page is powered by Blogger. Isn't yours?