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

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  • 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
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    File URL: http://www.unescap.org/sites/default/files/apdj-14-1-4-Siggel_0.pdf
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    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, April.
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    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.

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    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

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