IDEAS home Printed from https://ideas.repec.org/a/unt/jnapdj/v14y2007i1p73-104.html
   My bibliography  Save this article

Economic reforms and their impact on the manufacturing sector: lessons from the Indian experience

Author

Listed:
  • Eckhard Siggel

    (Department of Economics, Concordia University, Montreal, Canada,)

Abstract

This paper analyses the impact of the Indian reforms of the early 1990s on exports and employment by using indicators of competitiveness and comparative advantage. These indicators are unit cost ratios, which differ by using domestic prices, international or export prices and shadow prices. They are broken down into cost components which show the sources of competitiveness or the lack of it, such as productivity or price and cost distortions. The changes in competitiveness following the reforms are then used to examine whether the export and employment performance of the manufacturing industries can be attributed to the reform-induced cost changes.

Suggested Citation

  • Eckhard Siggel, 2007. "Economic reforms and their impact on the manufacturing sector: lessons from the Indian experience," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 14(1), pages 73-104, June.
    • Handle: RePEc:unt:jnapdj:v:14:y:2007:i:1:p:73-104
    as

    Download full text from publisher

    File URL: http://www.unescap.org/sites/default/files/apdj-14-1-4-Siggel_0.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Eckhard Siggel & Germina Ssemogerere, 2004. "Uganda's policy reforms, industry competitiveness and regional integration: a comparison with Kenya," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 13(3), pages 325-357.
    2. Ten Kate, Adriaan, 1992. "Trade liberalization and economic stabilization in Mexico: Lessons of experience," World Development, Elsevier, vol. 20(5), pages 659-672, May.
    3. Montek S. Ahluwalia, 2002. "Economic Reforms in India Since 1991: Has Gradualism Worked?," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 67-88, Summer.
    4. T. N. Srinivasan & Suresh D. Tendulkar, 2003. "Reintegrating India with the World Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 98, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eckhard Siggel & Pradeep Agrawal, 2009. "The Impact Of Economic Reforms On Indian Manufacturers : Evidence From A Small Sample Survey," Development Economics Working Papers 22930, East Asian Bureau of Economic Research.
    2. Eckhard Siggel, 2010. "Poverty alleviation and economic reforms in India," Progress in Development Studies, , vol. 10(3), pages 247-259, July.
    3. Eckhard Siggel, 2010. "The Indian informal sector: The impact of globalization and reform," International Labour Review, International Labour Organization, vol. 149(1), pages 93-105, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dani Rodrik & Arvind Subramanian, 2005. "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition," IMF Staff Papers, Palgrave Macmillan, vol. 52(2), pages 193-228, September.
    2. Siddiqur Osmani, 2009. "Explaining Growth in South Asia," Chapters, in: Gary McMahon & Hadi Salehi Esfahani & Lyn Squire (ed.), Diversity in Economic Growth, chapter 3, Edward Elgar Publishing.
    3. Kaushik Basu & Annemie Maertens, 2007. "The pattern and causes of economic growth in India," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 23(2), pages 143-167, Summer.
    4. Lee, Boon L. & Rao, D.S. Prasada & Shepherd, William, 2007. "Comparisons of real output and productivity of Chinese and Indian manufacturing, 1980-2002," Journal of Development Economics, Elsevier, vol. 84(1), pages 378-416, September.
    5. Laura Alfaro & Anusha Chari, 2009. "India Transformed? Insights from the Firm Level 1988-2005," Harvard Business School Working Papers 10-030, Harvard Business School.
    6. Eckhard Siggel & Pradeep Agrawal, 2009. "The Impact Of Economic Reforms On Indian Manufacturers : Evidence From A Small Sample Survey," Development Economics Working Papers 22930, East Asian Bureau of Economic Research.
    7. Kevin Nell, 2012. "Demand-led versus supply-led growth transitions," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 34(4), pages 713-748.
    8. Arvind Subramanian & Shoumitro Chatterjee, 2020. "India’s Export-Led Growth: Exemplar and Exception," Working Papers 42, Ashoka University, Department of Economics.
    9. Mesquita Moreira, Mauricio, 2010. "India: Latin America's Next Big Thing?," IDB Publications (Books), Inter-American Development Bank, number 413.
    10. Ashok Kotwal & Bharat Ramaswami & Wilima Wadhwa, 2011. "Economic Liberalization and Indian Economic Growth: What's the Evidence?," Journal of Economic Literature, American Economic Association, vol. 49(4), pages 1152-1199, December.
    11. Gulati, Ashok & Fan, Shenggen & Dalafi, Sara, 2005. "The dragon and the elephant," MTID discussion papers 87, International Food Policy Research Institute (IFPRI).
    12. repec:kqi:journl:2018-2-1-2 is not listed on IDEAS
    13. Bhattacharyya, Sambit, 2011. "Five Centuries of Economic Growth in India: The Institutions Perspective," MPRA Paper 67901, University Library of Munich, Germany.
    14. Albert Berry, 2018. "India’s 1970s-1990s Step-wise Growth Acceleration: Causes and Impacts," Journal of Development Innovations, KarmaQuest International, vol. 2(1), pages 14-38, May.
    15. Bhatta, Bibek & Marshall, Andrew P. & Neupane-Joshi, Suman & Thapa, Chandra, 2021. "Foreign Ownership and the Enforcement of Corporate Governance Reforms," QBS Working Paper Series 2021/02, Queen's University Belfast, Queen's Business School.
    16. Karthigai Prakasam Chellaswamy & Natchimuthu N & Muhammadriyaj Faniband, 2021. "Stock Market Reforms and Stock Market Performance," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(2), pages 202-209, April.
    17. Chari, Murali D.R. & Banalieva, Elitsa R., 2015. "How do pro-market reforms impact firm profitability? The case of India under reform," Journal of World Business, Elsevier, vol. 50(2), pages 357-367.
    18. Sushanta Mallick & Helena Marques, 2008. "Passthrough of Exchange Rate and Tariffs into Import Prices of India: Currency Depreciation versus Import Liberalization," Review of International Economics, Wiley Blackwell, vol. 16(4), pages 765-782, September.
    19. Bhattacharya, Mita & Okafor, Luke Emeka & Pradeep, V., 2021. "International firm activities, R&D, and productivity: Evidence from Indian manufacturing firms," Economic Modelling, Elsevier, vol. 97(C), pages 1-13.
    20. Landes, Rip & Gulati, Ashok, 2003. "Policy Reform and Farm Sector Adjustment in India," Policy Reform and Adjustment Workshop, October 23-25, 2003, Imperial College London, Wye Campus 15735, International Agricultural Policy Reform and Adjustment Project (IAPRAP).
    21. Woodruff, Christopher, 1998. "Contract enforcement and trade liberalization in Mexico's footwear industry," World Development, Elsevier, vol. 26(6), pages 979-991, June.

    More about this item

    Keywords

    economic policy reform; manufacturing industries; India; international competitiveness;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L6 - Industrial Organization - - Industry Studies: Manufacturing

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:unt:jnapdj:v:14:y:2007:i:1:p:73-104. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Macroeconomic Policy and Development Division, ESCAP (email available below). General contact details of provider: https://edirc.repec.org/data/escapth.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.