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Studies in International Economics Ser.: The Impact of Trade and Domestic Policy Reforms in India : A CGE Modeling Approach by Alan Verne Deardorff, Rajesh Chadha, Sanjib Pohit and Robert Mitchell Stern (1998, Hardcover)

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Product Information

Major economic reforms undertaken since 1991 have brought the Indian economy into a new phase of development directed toward becoming globally competitive through the opening of trade, foreign investment, and technology inflows. The private sector is expected to play a lead role, with a corresponding reduction in the role played by the public sector. This book is aimed at analyzing the comparative static effects of selected post-1991 trade and domestic policy reforms on trade, factor prices, economic welfare, and the intersectoral allocation of resources. The study relies on a computable general equilibrium (CGE) model that has been specially designed to analyze the potential economic effects of India's policy reforms. The model was developed in a collaborative effort involving the National Council of Applied Economic Research in New Delhi and the University of Michigan. Patterned after the Michigan CGE Model of World Production and Trade that has been in use for more than two decades, the India CGE model features closer attention to special characteristics of India's economic structure, including more agricultural sector detail, allowance for state ownership, and administered pricing. The conclusions of the study suggest that the policy reforms will yield increased real returns to land, labor, and capital, and shift the terms of trade in favor of Indian agriculture. Lastly, not only are there efficiency-enhancing intersectoral shifts in resource allocation but there are notable increases in scale economies across the Indian manufacturing sectors. Rajesh Chadha and Sanjib Pohit are Economists at the National Council of Applied Economic Research in New Delhi. Alan V. Deardorff and Robert M. Stern are Professors of Economics and Public Policy, University of Michigan.

Product Identifiers

Publisher
University of Michigan Press
ISBN-10
0472109332
ISBN-13
9780472109333
eBay Product ID (ePID)
602180

Product Key Features

Author
Alan Verne Deardorff, Rajesh Chadha, Sanjib Pohit, Robert Mitchell Stern
Publication Name
Impact of Trade and Domestic Policy Reforms in India : a Cge Modeling Approach
Format
Hardcover
Language
English
Series
Studies in International Economics Ser.
Publication Year
1998
Type
Textbook
Number of Pages
184 Pages

Dimensions

Item Length
9.4in
Item Height
0.9in
Item Width
6.3in
Item Weight
18.1 Oz

Additional Product Features

Lc Classification Number
Hf1589.I36 1998
Copyright Date
1998
Topic
International / Economics, Commerce, Public Policy / Social Policy, Public Policy / Economic Policy
Lccn
98-048621
Intended Audience
Scholarly & Professional
Illustrated
Yes
Genre
Business & Economics, Political Science

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Studies in International Economics Ser.: The Impact of Trade and Domestic Policy Reforms in India : A CGE Modeling Approach by Alan Verne Deardorff, Rajesh Chadha, Sanjib Pohit and Robert Mitchell Stern (1998, Hardcover)

About this product

Product Information

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

Best Selling in Textbooks

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