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Author Hope, Nicholas C
Title Economic Reform in India : Challenges, Prospects, and Lessons
Imprint New York : Cambridge University Press, 2013
©2013
book jacket
Descript 1 online resource (546 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Note Cover -- Contents -- Contributors -- 1 Introduction -- Historical Precedents -- The Macroeconomy -- Institutional Reforms: Agriculture and Education -- The Rural and Agricultural Sectors -- Education -- Employment, Industrial Structure and Poverty -- Infrastructural Reforms -- What Is Infrastructure? -- Infrastructure Policy and Performance in India -- Next Steps -- The Macroeconomy -- Agriculture and Rural Development -- Education -- Employment, Industrial Structure and Poverty -- Infrastructural Reforms -- References -- The Macro Economy -- 2 Federalism and Economic Development in India: An Assessment -- Abstract -- Introduction -- Background: India's Economic Performance and Federal System -- Quality of Governance and Government Expenditure -- Efficiency of the Tax System -- Fiscal Situation of National and Subnational Governments -- Impacts of Federal System on Growth and Equity -- Comparison with China -- Future Reform and Prospects -- Conclusions -- References -- 3 India and China: Trade and Foreign Investment -- Introduction -- Growth -- Growth in Total Trade -- The Patterns of Trade -- Merchandise Exports -- Merchandise Imports -- Services Exports -- Foreign Investment -- Connection to Trade and DFI Policies -- Merchandise Trade Liberalization During the 1980s -- Merchandise Trade Liberalization in the 1990s and Beyond -- Liberalization of Trade in Services and Foreign Investment -- Why India Lags Behind China -- Looking Ahead: The Doha Round and an India - China FTA -- References -- 4 Financial Sector Reforms and Monetary Policy: The Indian Experience -- Introduction -- Financial Sector and Monetary Policy: Objectives and Reforms -- Banking Sector -- Reforms in the Monetary Policy Framework -- Financial Markets -- Financial Sector and Monetary Policy Reforms: An Assessment -- Banking Sector -- Spread of Banking
Capital Position and Asset Quality -- Competition and Efficiency -- Productivity -- Monetary Policy -- Inflation -- Challenges Posed by Large Capital Inflows -- Credit Delivery -- Global Financial Crisis: Impact and Policy Responses -- Some Emerging Issues -- -- Growth Challenges for the Financial Sector -- Greater Capital Market Openness: Some Issues -- High Credit Growth and Monetary Policy -- Concluding Observations -- Appendix I Reforms in the Banking Sector -- Appendix II Reforms in the Monetary Policy Framework -- Objectives -- Instruments -- Developmental Measures -- Institutional Measures -- Appendix III Reforms in the Government Securities Market -- Institutional Measures -- Increase in Instruments in the Government Securities Market -- Enabling Measures -- Appendix IV Reforms in the Foreign Exchange Market -- Exchange Rate Regime -- Institutional Framework -- Increase in Instruments in the Foreign Exchange Market -- Liberalization Measures -- References -- Institutional Reforms: Agriculture and Education -- 5 Land Reform, Decentralized Governance, and Rural Development in West Bengal -- Abstract -- Introduction -- Background -- Summary of Results -- Data Description -- Accountability and Local Governance -- Explaining GP Election Outcomes -- Land Reform Implementation -- Targeting of Other Development Programs -- Effects of Programs on Farm Outcomes -- Effect of Land Reforms: Theoretical Hypotheses -- Reduced Form Estimates of Impact of Panchayat Actions on Farm Yields -- Concluding Comments -- References -- 6 Market-Driven Agricultural Growth: Contrasting Experiences in Punjab and Rajasthan -- Introduction -- The Macroeconomic Picture -- Market Constraints and Opportunities -- Prospects for Rural Employment and Poverty -- Natural Resource Constraints to Agricultural Growth and Diversification -- Conclusions and Recommendations
References -- 7 India's Higher Education Opportunity -- Introduction -- Growth in the Indian Higher Education System: Concentration at Five Different Levels -- Comparing Growth in the Chinese Higher Education System: Growth Everywhere -- India's Higher Education Opportunity: What Priorities for Reform? -- The Quality Problem -- Building Graduate Education and Research Universities -- Providing Equity of Access -- Building World-Class Full-Service Research Universities -- Conclusions -- References -- 8 Improving the Quality of Rural Primary Schools: An Evaluation of a Computer-Aided Learning Program in South India -- Introduction -- The Model School Program -- The School System and Survey Data -- Survey Data -- The Primary School System -- The Upper Primary School System -- Summary Statistics for the Primary School Sample -- Methodology -- Difference Estimates -- Difference in Difference Estimates Based on Regression Estimates -- Testing Effects of the Program for Students Differentiated by Initial Ability -- Testing Dependence on Cohort Size -- Results from the Sixth-Grade Sample -- Results -- Results from Simple Difference in Means -- Results from Regression-Based Difference-in-Difference Specifications -- Robustness Check: Are the Results Biased by Sample Attrition? -- Differences Across Aptitude Groups -- Results by Cohort Size -- Results from the Sixth-Grade Sample -- Conclusion -- References -- Employment, Industrial Structure, and Poverty -- 9 The Missing Middle -- Introduction -- Indian Economic Growth -- Indian Comparative Advantage -- Why Manufacturing's Poor Relative Performance? -- Regulations Governing Business -- Small-Scale Reservation -- Labor Market Regulation -- Conclusions -- References -- 10 Some Aspects of the Trends in Employment and Unemployment in Bihar and Kerala since the 1970s -- Introduction
Trends in Employment, Unemployment, and Employment Status -- Person and Person-Day Rates -- Employment, Unemployment, and Employment Status: Time Trend Regressions -- Results from the Trend Regression -- Employment Rates -- Unemployment Rates -- Labor Force Participation Rates -- Employment Status -- Within Reference Week Transitions in Employment Status -- Changes within the Reference Week of Employment Status in NSS Round 60 (1999-2000) -- Steady-State Employment Status -- Unemployment in Kerala -- Unemployment Levels -- Unemployment Trends -- Female Unemployment -- Unemployment and Education -- Unemployment and Age -- Persistence of Unemployment -- Unemployment and Migration -- Conclusions -- References -- 11 Size Matters: Urban Growth and Poverty in India, 1983-2005 -- Abstract -- Introduction -- National and Statewise Trends -- Poverty across Size-Class of Towns -- Small Towns Have Lower Access to Services -- Insights from Small Area Estimation in West Bengal, Orissa, and Andhra Pradesh -- Urban Agglomeration and Poverty Reduction -- Urban Growth as a Source of Rural Poverty Reduction -- Conclusion -- References -- Infrastructure: Electricity and Transportation -- 12 An Assessment of Indian Telecommunications Reform -- Introduction -- A Primer on Telecommunications Economics and Policy -- Technology and Optimal Pricing -- Best Practice Policies -- Designing Effective Governance of Telecommunications -- Indian Telecommunications Reform -- Historical Overview of Reform -- TRAI's Approach to Regulation -- Reform of Long-Distance -- The Tortured History of Wireless -- Internet Services -- Dial-up Internet Service and the ISP Industry -- Internet Cafés -- High-Speed Access and Other Advanced Services -- Summary -- Universal Service Policy -- Universal Service Policies in India -- Allocating the USF: Auctioning Subsidies -- Access Deficit Charges
Conclusions -- References -- 13 Managing Demand-Side Economic and Political Constraints on Electricity Industry Restructuring Processes -- Abstract -- Introduction -- Major Political and Economic Demand-Side Constraints -- The Political Economy of Electricity Prices -- The Economics of Hourly Metering -- The Political Economy Case against Real-Time Pricing -- Mechanisms Adopted to Deal with Constraints on Demand-Side Participation -- Offer Caps and Market Power Mitigation Mechanisms -- Inadequate Hedging of Short-Term Prices and the Reliability Externality -- Capacity Markets and Other "Cures" -- Politically Palatable Real-Time Pricing -- Managing Demand-Side Economic and Political Constraints -- Hedging Short-Term Wholesale Price Risk -- Contract Adequacy in Wholesale Electricity Markets -- Symmetric Treatment of Load and Generation -- A Core/Non-Core Approach to Retail Market Operation -- Developing Country Issues -- Concluding Comments -- References -- 14 Moving India: The Political Economy of Transport Sector Reform -- Introduction -- "Getting Out of the Way" versus Capacity-Building Reforms -- From Public to Public‒Private Provision: India's Trajectory -- Improvements in Services -- The Shortfall in Infrastructure Investment -- Enhancing Regulatory Capacity -- Restructuring State-Owned Incumbents -- Infrastructure Project Management -- Land Acquisition -- Potential for the Future? -- Index
In this volume, leading economists assess India's economic performance, policies and institutions
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Hope, Nicholas C. Economic Reform in India : Challenges, Prospects, and Lessons New York : Cambridge University Press,c2013 9781107020047
Subject Monetary policy -- India -- 1991-;India -- Economic policy -- 1991-
Electronic books
Alt Author Kochar, Anjini
Noll, Roger
Srinivasan, T. N
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