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Analysis of India’s Policy Reforms

Author

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  • Rajesh Chadha
  • Sanjib Pohit
  • Alan V. Deardorff
  • Robert M. Stern

Abstract

The process of major economic reforms undertaken in the Indian economy has now completed six years of implementation. The unilateral reform measures in the industrial and trade policies of India along with reforms in the tax regime represent a significant departure from the policy framework of the preceding decades. Our paper evaluates the comparative static effects of selected trade and domestic policy reforms on trade, output, domestic prices, economic welfare, and the intersectoral allocation of resources using a computable general equilibrium (CGE) model of the Indian economy.
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Suggested Citation

  • Rajesh Chadha & Sanjib Pohit & Alan V. Deardorff & Robert M. Stern, 1998. "Analysis of India’s Policy Reforms," The World Economy, Wiley Blackwell, vol. 21(2), pages 235-259, March.
    • Handle: RePEc:bla:worlde:v:21:y:1998:i:2:p:235-259
    DOI: 10.1111/1467-9701.00128
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    Cited by:

    1. Chadha, R. & Brown, D.K. & Deardorff, A.V. & Stern, R.M., 2000. "Computational Analysis of the Impact on India of the Uruguay Round and the Forthcoming WTO Trade Negotiations," Working Papers 459, Research Seminar in International Economics, University of Michigan.
    2. James E. Rauch & Vitor Trindade, 2003. "Information, International Substitutability, and Globalization," American Economic Review, American Economic Association, vol. 93(3), pages 775-791, June.
    3. Arvind Panagariya, 1999. "The WTO Trade Policy Review of India, 1998," The World Economy, Wiley Blackwell, vol. 22(6), pages 799-824, August.
    4. Drusilla K. Brown & Alan V. Deardorff & Robert M. Stern, 2000. "Computational Analysis of the Government of India's Market Opening Initiatives," Discussion Papers Series, Department of Economics, Tufts University 0002, Department of Economics, Tufts University.
    5. Brent Davis, 2000. "India and the East Asia Miracle," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 7(1), pages 63-76.

    More about this item

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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