| 000 -LEADER |
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| fixed length control field |
01329pab a2200181 454500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
180718b2007 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Sen, Kunal |
| 245 ## - TITLE STATEMENT |
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| Title |
Why did the elephant sta4rt to trot? India's growth acceleration re-examined |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
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| Date of publication, distribution, etc. |
2007 |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
p.37-47. |
| 362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION |
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| Dates of publication and/or sequential designation |
27 Oct |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc. |
It is commonly believed that India's growth acceleration has been mainly due to a change in the state's attitudes towards business in the early 1980s and not so much because of changes in economic policies. This paper re-examines this argument and shows, first, that the turnaround in growth took place earlier in the late 1970s. It also shows that growth has been mostly driven by the rate of private equipment investment (which increased in the mid-1970s), and that this in turn has been driven by financial deepening, public fixed investment and the relative price of equipment investment. The paper concludes that the effect of the attitudinal shift of the state towards the private sector on growth was of the second order, and if it did have an effect, it was through changes in economic policies, rather than independently of the latter. - Reproduced. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Economic growth - India |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Economic growth |
| 773 ## - HOST ITEM ENTRY |
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| Main entry heading |
Economic and Political Weekly |
| 908 ## - PUT COMMAND PARAMETER (RLIN) |
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| Put command parameter |
N |
| 909 ## - |
|---|
| -- |
76469 |
