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China and India : reforms and the response : how differently have the economies behaved
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Agarwal , Manmohan and Whalley, John (2013) China and India : reforms and the response : how differently have the economies behaved. Working Paper. Coventry, UK: Department of Economics, University of Warwick. CAGE Online Working Paper Series, Volume 2013 (Number 129).
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Text (Working paper)
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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
The relative performance of China and India is compared using two different methods
and they provide a very different picture of their relative performance. We compare the average
absolute values of indictors for the decade of the 1980s, 1990s and the 2000s. We use indicators
such as the current account balance (CAB), exports of goods and services (XGS), foreign direct
investment inflow (FDI), gross domestic savings, gross fixed capital formation (GFCF), aid,
private capital inflows (PrK) and workers’ remittances, all as a percentage of GDP. We also look
at the growth rate of per capita GDP, exports of goods and services and of gross fixed capital
formation.
Using a two tailed- test we find that China does better than India for most of these
indicators. For instance, China has a higher growth rate of per capita income, XGS and GFCF as
also a higher share of XGS, GFCF etc in GDP than does India. We also find that China usually
has a lower CV, namely a more stable performance. But over the three decades the CV falls in
India so it is approaching that in China, namely the two economies are becoming more similar.
Item Type: | Working or Discussion Paper (Working Paper) |
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Alternative Title: | |
Subjects: | D History General and Old World > DS Asia H Social Sciences > HB Economic Theory |
Divisions: | Faculty of Social Sciences > Economics Faculty of Social Sciences > Centre for the Study of Globalisation and Regionalisation |
Library of Congress Subject Headings (LCSH): | India -- Economic conditions -- 1991-, India -- Economic policy -- 1991-, China -- Economic conditions -- 1976-2000, China -- Economic policy -- 2000- |
Series Name: | CAGE Online Working Paper Series |
Publisher: | Department of Economics, University of Warwick |
Place of Publication: | Coventry, UK |
Official Date: | May 2013 |
Volume: | Volume 2013 |
Number: | Number 129 |
Number of Pages: | 32 |
Status: | Not Peer Reviewed |
Publication Status: | Published |
Funder: | Ontario. Ministry of Research and Innovation |
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