Indiaʼs mysterious manufacturing miracle

India’s Mysterious Manufacturing Miracle∗

Using data on formal manufacturing plants in India, we report a large but imprecise acceleration in productivity growth starting around the mid-1990s (e.g., 1993-2004 compared to 1980-1992). We trace the acceleration to productivity growth within large plants (200 workers or more), as opposed to reallocation across such plants. As many economists believe Indian reforms during this era improved ...

South Korea: Economic Miracle by Policy Miracle?

Historical, cultural and institutional factors certainly did have a positive impact on the economic growth in South Korea and the other East Asian newly industrialising economies. However, these factors would not have been of any importance without governmental influence. Particularly in South Korea, a strong state with highly respected and qualified bureaucrats could play a central role in sti...

Mysterious Marriage

And Mysterious

" I think you might do something better with the time " , Alice said, " than wasting it in asking riddles that have no answer "-from A Mad Tea-Party Abstract. First year undergraduates usually learn about the classical Rolle's theorem saying that between two consecutive zeros of a smooth function f one can always find at least one zero of f ′. But what happens with the zeros of higher derivativ...

Mysterious origins

A survey of 2 006 U.S. adults last year revealed that 48 % believe the earliest humans lived at the time of the dinosaurs. This survey is often cited as evidence of Americans’ dismal understanding of science. But earlier this year, a television program from the National Broadcasting Company (NBC) told those muddled masses that they could well be right. The program, called The Mysterious Origins...