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Ghosh, Partha Pratim
- Structural Analysis of the Indian Economy Based on Conventional and Modified Input-Output Models
Authors
1 Department of Economics, Ananda Chandra College, Jalpaiguri 735101, West Bengal, IN
2 Department of Economics, St. Xavier’s College, Kolkata 700016, West Bengal, IN
3 Jadavpur University, Kolkata 700032, West Bengal, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 54, No 2 (2012), Pagination: 138-177Abstract
This paper attempts to explore structural changes of the Indian economy over the decade of the 1980s through 2006-7, using the Conventional and Modified Input-Output frameworks. Key sectors are identified using weighted backward and forward linkage measures and coefficients of variation. Results based on the Conventional model reveal structural change towards more or less modern production structure of the Indian economy, while that based on the Modified model reflects a mix of traditional and modern industry-oriented production structure. Results based on the Conventional method suggest policies that would focus more on the industrial sector, while those of the modified framework suggest that importance should be given to the traditional as well as modern industrial sectors. Thus, choice of the method of structural analysis for an economy is an important research agenda in the literature on the subject.
- Economy-Wide Production Requirements for India’s Food Security Programme
Authors
1 Department of Economics, St. Xavier’s College (Autonomous), 30, Park Street, Kolkata 700 016, West Bengal, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 56, No 1 (2014), Pagination: 114-124Abstract
The performance of food grain sector in an economy is crucially dependent on other sectors of the economy. Therefore, the task of meeting the target for food grain production in the Twelfth Five Year Plan should be addressed by considering an economy-wide consistent production framework which includes both agricultural and non-agricultural production. A Mixed Input-Output Model is used to identify the Vital, Essential and Desirable sectors for increasing food grain production in the economy. Results indicate that the feasibility of the Food Security Programme depends on the availability of capacity augmenting resources including foreign exchange to increase food production.- The Structure of the Sri Lankan Economy
Authors
1 St. Xavier's College, 30, Park Street, Kolkata 700 016, IN
2 Jadavpur University, Kolkata, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 44, No 3-4 (2002), Pagination: 333-348Abstract
Sri Lanka is a small island economy without much of natural resources. In spite of a troubled domestic environment in recent times, the country has recorded an impressive peiformance in the areas of Average Life Expectancy, Adult Literacy rates, Infant Mortality Rates and similar indices of develapment. However, economic growth, sustained employment generation, reasonable price stability, balance in the external sector, and reduction in income inequality have not been adequate though to proper economy into the league of Developed Nations.
The objective of this paper is to study the inter-sectoral linkages of this economy using Multiplier Analysis to understand his structure by measuring the degree of interconnectedness of its different sectors, since the effectiveness of policy measures is expected to depend on the degree of interconnectedness of an economy. For this purpose, the Extended Input-Output Methodology combining the Leontief (1941) and Ghosh (1958) Models has been used.
The results show that the various sectors of the economy are weakly integrated, which is perhaps the reason why the effects of growth and development oriented policies have not percolated down throughout the economy. The development of strong inter-sectoral linkages is therefore a necessary prerequisite for the country's overall economic development.