Development Patterns in China and India : A Perspective with CES Production Function

Research output: Chapters, Conference Papers, Creative and Literary Works (RGC: 12, 32, 41, 45)12_Chapter in an edited book (Author)Not applicablepeer-review

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Detail(s)

Original languageEnglish
Title of host publicationThe Oxford Handbook of the Indian Economy
EditorsChetan  Ghate
PublisherOxford University Press
Pages891-914
ISBN (Print)9780199940844, 9780199734580
Publication statusPublished - 21 Nov 2012

Abstract

This article builds on the voluminous India-China literature, which still lacks a theoretical framework to understand India's and China's growth patterns. This article builds a simple theoretical model to understand India's and China's different growth patterns. An interesting stylized fact motivates this exercise: from 1985 to 2004-compared with India-China has had considerably higher rates of physical capital formation; much higher ratios of measured physical to human capital; and a more physical capital friendly public policy. To explain these facts, the article uses a one-sector growth model with two accumulating factors (physical capital [K] and human capital [H]).

Research Area(s)

  • Growth pattern, Human capital, Indian economy, One-sector growth model, Physical capital formation, Theoretical model

Citation Format(s)

Development Patterns in China and India : A Perspective with CES Production Function. / Kan, Kamhon; Wang, Yong.

The Oxford Handbook of the Indian Economy. ed. / Chetan  Ghate. Oxford University Press, 2012. p. 891-914.

Research output: Chapters, Conference Papers, Creative and Literary Works (RGC: 12, 32, 41, 45)12_Chapter in an edited book (Author)Not applicablepeer-review