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Export Performance, Innovation, and Productivity in Indian Manufacturing Firms

Santosh Kumar Sahu, Sunder Ramaswamy and Abishek Choutagunta
Madras School of Economics, Working Paper, February 2017
This study re-examines the relationship between export performance and productivity in manufacturing firms in India for the period 2003-2015, using firm level information. Departing from the earlier studies on India economy,
we argue that product innovations boost export performance of the economy. The hypothesis being that, in the post-economic-reforms era competitive export market scenario, productivity alone, without product innovation and participation in R and D cannot drive export performance. We observe that the argument of highly productive firms
entering the export market without reallocating resources towards innovation and R and D seems to be invalid in our sample. Nevertheless, we find in our sample, that productivity as a selection criterion coupled with advertising and marketing strategies explains participation in R and D in boosting exports.
Courtesy :MSE

Estimation of Environmental Kuznets Curve for CO2 Emission: Role of Renewable Energy Generation in India

Avik Sinha and Muhammad Shahbaz

Munich Personal RePEc Archive, December 2017

The existing literature on environmental Kuznets curve (EKC) is mainly focused on finding out the optimal sustainable path for any economy. Looking at the present renewable energy generation scenario in India, this study has made an attempt to estimate the EKC for CO2 emission in India for the period of 1971-2015. Using unit root test with multiple structural breaks and autoregressive distributed lag (ARDL) approach to cointegration, this study has found the evidence of inverted U-shaped EKC for India, with the turn around point at USD 2937.77. The renewable energy has found to have significant negative impact on CO2 emissions, whereas for overall energy consumption, the long run elasticity is found to be higher than short run elasticity.Moreover, trade is negatively linked with carbon emissions. Based on the results, this study concludes with suitable policy prescriptions.
Courtesy : MPRA

Union Budget 2018-19

Hon’ble Finance Minister presented Union Budget 2018-19 in the Parliament on 01-February-2018

One size does not fit all: An analysis of the importance of industry-specific vertical policies for growing high technology industries in India

Sunil Mani
in India Development Report 2017, Edited by Mahendra Dev.
Oxford University Press.

[From the Introduction]
India, currently (c. 2015) is noe of the fastest growing countries in the world. But this growth is largely driven by its services sector. From around 2006 or so, country has been striving to industrialize through the manufacturing route as growth driven by the manufacturing sector has a long-lasting economic benefits.


Technical Efficiency of Agricultural Production in India: Evidence from REDS Survey

Kailash Chandra Pradhan and Shrabani Mukherjee

MIDS WP 161, 2017


The study aims to estimate the technical efficiency of agricultural production in India using production frontier model for both cross section and panel data for the years 1999 and 2007. Given the persistent problem of under utilization of capacity in Indian farm sector still there is a serious need to identify the determining factors for technical efficiency for agricultural production in order to accelerate sustainable productivity and technological improvement. Farmers’ age and education level, household size, household‟s management in production, proportion of irrigated area covered by canals, availability of wells, yielding variety of lands, services provided by the government, agricultural expenditure by local government are the factors which significantly contribute to efficiency in resource utilisation. Traditional method of farming or learning by doing is preferred to adoption of new technologies which creates technological lock-in.

Oil Price–Migration Nexus in India

Oil Price–Migration Nexus in India
Raju John
South Asia Research, Volume 38, Issue 1, February 2018

Given that India is globally the top recipient of migrant remittances and over 90 per cent of Indian worker emigration is to oil-producing nations in the Gulf region, such significant economic relations between the two regions raise concerns that decreasing oil prices may lead to serious negative economic impacts. This article attempts to understand the association between emigration and oil price, assuming that fluctuations in oil price will adversely affect the economic prosperity of oil-producing nations and thus the emigration prospects of a significant section of global migrant workers, including millions of South Asians. Examining the association between changes in oil price and emigration from India more specifically aims to ascertain whether there is a direct correlation, so that reasonable precautions may be made regarding the impact of oil price changes on South Asian worker migrant flows.

URL : http://journals.sagepub.com/doi/pdf/10.1177/0262728017745384
Courtesy -Sage Publications

Economic Survey 2017–18

Economic Survey 2017–18 reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session. It provides detailed statistical data covering all aspects of the economy.

This document would be useful for policymakers, economists, policy analysts, business practitioners, government agencies, students, researchers, the media, and all those interested in the development in the Indian economy.

url – http://mofapp.nic.in:8080/economicsurvey/
courtesy – Ministry of Finance, India