Structural transformation in China and India: the role of macroeconomic policies

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Publication Type Manuscript
School or College College of Social & Behavioral Science
Department Economics
Creator Von Arnim, Rudiger Lennart
Other Author Rada, Codrina
Title Structural transformation in China and India: the role of macroeconomic policies
Date 2012-01-01
Description This paper explores macroeconomic policies that can sustain structural change in China and India. A two-sector open-economy model with endogenous productivity growth, demand driven output and income distribution as an important determinant of economic activity is calibrated to a 2000 SAM for China and a 1999/2000 SAM for India. Short-run analysis concerns temporary equilibria for output, productivity and employment growth rates in the formal sector. In the long-run, the model allows for multiple equilibria which can describe cases of (a) underdevelopment and structural heterogeneity or (b) sustained growth and development. Several simulation exercises are conducted. Specifically, we consider how changes in investment, wages, labor productivity trend and a depreciation of currency affect the macroeconomy and job creation in the formal sector.
Type Text
Publisher Elsevier
First Page 1
Last Page 23
DOI http://dx.doi.org/DOI: 10.1016/j.strueco.2012.03.006.
Dissertation Institution University of Utah
Language eng
Bibliographic Citation Rada, C., & von Arnim, R. (2012). Structural transformation in China and India: the role of macroeconomic policies. Structural Change and Economic Dynamics, 1-23.
Rights Management (c) Elsevier ; Reprinted from Rada, C., & von Arnim, R. (2012). Structural transformation in China and India: a note on macroeconomic policies. Structural Change and Economic Dynamics, 23(3), 264-75.
Format Medium application/pdf
Format Extent 1,286,871 bytes
Identifier uspace,17425
ARK ark:/87278/s6jm2vcq
Setname ir_uspace
Date Created 2012-08-24
Date Modified 2012-08-24
ID 708023
Reference URL https://collections.lib.utah.edu/ark:/87278/s6jm2vcq
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