The inter-relationship between agriculture and industry has been a long debated issue in most of the developing countries. In the Indian context, the issue has acquired interest since the industrial stagnation of the mid 1960s. Over the years the Indian economy has undergone a structural change in its sectoral composition: from a primary agro-based economy during 1970s, the economy has emerged ...

This subject is selected for study, since it is directly connected with the growth of our economy. In our earlier period after independence, more emphasis was put for to make the country selfsufficient. However, that is true to be more harmful for the growth of our economy. It is then felt that the development and growth of economy, an all encompassing, comprehensive view needs to be taken for ...

In this paper, we conduct an examination on the causality and relationship between information and communication technology (ICT) and economic growth in an Islamic country, namely Malaysia. The study period in this paper is divided into two: from 1960 1982, and from 1983 2004. This is to examine if the contribution of ICT investment varies in different sample periods. The causality result showe...

The contribution of the ‘new economy’ (NE) to economic growth in developing countries has so far been minimal. Despite the recent hype, the ‘old economy’ will for long be the fundamental force behind economic growth in transition economies. Nonetheless, in the longer run the NE offers great potential for faster economic growth in postsocialist economies. Realizing this potential is however not ...

0

Can we use neoclassical growth model to single out the important transmission channels through which primitives a¤ected the Indian economy and caused the remarkable growth of the period 1982 to 2002? In this paper, we answer the question by applying the new technique of business cycle accounting to the Indian economy. Business cycle accounting procedure is based on the idea that primitives a¤ec...

This paper analyses the e¤ects of reducing unfunded social security and population ageing on economic growth and welfare, both for a small open economy and for a closed economy. The economy consists of a service sector and a commodity sector. Productivity growth only occurs in the latter sector and is assumed to depend positively on its size. It is shown that if old agents mainly demand labour ...

This paper considers the longer-term viability of the internationalization and success of Indian MNEs. We apply the ‘dual economy’ concept (Lewis 1954), to reconcile the contradictions of the typical emerging economy, where a ‘modern’ knowledge-intensive economy exists alongside a ‘traditional’ resource-intensive economy. Each type of economy generates firms with different types of ownership ad...

A salient feature of developing economies is the coexistence of a modern commercial sector alongside a traditional subsistence sector-the dual economy. The apparent differences in productivity between sectors imply substantial losses in aggregate productivity. Existing theories of the dual economy rely on exogenous price distortions, and cannot explain why or if these distortions evolve over th...