Submitted manuscript, 221 KB, PDF document
Research output: Working paper
Research output: Working paper
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TY - UNPB
T1 - It Was All Gonna Trickle Down: What Has Growth In India''s Advanced Sectors Really Done For The Rest?
AU - Johnes, G
PY - 2009
Y1 - 2009
N2 - A theory is developed in which the extent to which growth in advanced industrial sectors trickles down to other sectors is dependent upon, capital market frictions, migration, and the strength of interindustry linkages. It is shown that perverse results can arise, and that the efficacy of any policies that rely on tricke down is therefore an empirical issue. Using data from India, we investigate whether growth in the advanced sectors generates growth elsewhere in the economy, and find that it does not.
AB - A theory is developed in which the extent to which growth in advanced industrial sectors trickles down to other sectors is dependent upon, capital market frictions, migration, and the strength of interindustry linkages. It is shown that perverse results can arise, and that the efficacy of any policies that rely on tricke down is therefore an empirical issue. Using data from India, we investigate whether growth in the advanced sectors generates growth elsewhere in the economy, and find that it does not.
KW - growth
KW - development
M3 - Working paper
T3 - Economics Working Paper Series
BT - It Was All Gonna Trickle Down: What Has Growth In India''s Advanced Sectors Really Done For The Rest?
PB - The Department of Economics
CY - Lancaster University
ER -