Arbeitspapier
Structural transformation in China and India: The role of macroeconomic policies
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2011-05
- Klassifikation
-
Wirtschaft
Macroeconomic Analyses of Economic Development
One, Two, and Multisector Growth Models
Informal Economy; Underground Economy
- Thema
-
structural change
endogenous productivity
dual economy
China
India
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Rada, Codrina
von Arnim, Rudiger
- Ereignis
-
Veröffentlichung
- (wer)
-
The University of Utah, Department of Economics
- (wo)
-
Salt Lake City, UT
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
- 10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Rada, Codrina
- von Arnim, Rudiger
- The University of Utah, Department of Economics
Entstanden
- 2011
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