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- Title
Structural Transformation and Industrialization: A Panel Analysis of Indian Manufacturing Industries.
- Authors
Mehta, Swati
- Abstract
The present paper attempts to explore the pattern of industrial growth in India since 1980. Both the descriptive and panel regression analysis are done for estimating the results. To ascertain the impact of the 1991 economic reforms in determining the structure of industrial growth, comparative analyses of the pre- (1980–81 to 1991–92) and post-reform periods (1992–93 to 2005–06) were also done. The overall results show that the Indian manufacturing industries are dominated by the capital-intensive low technology industries. This indicates that in the industrial sector, the higher proportion of low technology industries prevails. Further, using the Gini coefficients, the actual pattern of Indian industrial growth is determined. The study also failed to find a direct relationship between economic reforms and structural transformations within the sector. Moreover, the historical and empirical evidence points towards the investment in indigenous R&D as an important factor in determining growth and sustainability. But, for the process of technological accumulation, the role of government seems important.
- Subjects
INDIA; INDUSTRIALIZATION; PANEL analysis; MANUFACTURING industries; ECONOMIC reform; GINI coefficient
- Publication
Journal of Comparative Asian Development, 2012, Vol 11, Issue 1, p152
- ISSN
1533-9114
- Publication type
Article
- DOI
10.1080/15339114.2012.680340