DRG Study No. 41 - Trade Policy and Manufacturing Performance: Exploring the Level of Trade Openness in India’s Organised Manufacturing in the Period 1990-2010 - ਆਰਬੀਆਈ - Reserve Bank of India
DRG Study No. 41 - Trade Policy and Manufacturing Performance: Exploring the Level of Trade Openness in India’s Organised Manufacturing in the Period 1990-2010
The Reserve Bank of India today released on its website the DRG study* titled, “Trade Policy and Manufacturing Performance: Exploring the level of Trade Openness in India’s Organised Manufacturing in the period 1990-2010”. The study is authored by Dr. Deb Kusum Das, Department of Economics, Ramjas College, University of Delhi. The study covers the organised manufacturing sector and use-based sectors of organized manufacturing during the period 1990-91 to 2009-10. The study contributes to the existing literature in several respects by documenting the level of trade liberalization at the level of individual sectors of manufacturing using explicit measures of trade policy orientation. The impact of trade openness on manufacturing performance is examined via a panel data econometric modeling of trade-industrial productivity linkage alongside incorporating other policies - industrial and macroeconomic environment. Major findings of the Study
The study concludes that there is a need to address issues which can further magnify the benefits of trade and industrial policy reforms such as easing of supply constraints and appropriate policy changes to remove transport bottlenecks, power shortages, erratic supply of energy (water and electricity) and labour regulations. *: Development Research Group (DRG) has been constituted in Reserve Bank of India in its Department of Economic and Policy Research to undertake quick and effective policy-oriented research backed by strong analytical and empirical basis, on subjects of current interest. The DRG studies are the outcome of collaborative efforts between experts from outside Reserve Bank of India and the pool of research talent within the Bank. These studies are released for wider circulation with a view to generating constructive discussion among the professional economists and policy makers. DRG Studies are published in RBI web site only and no printed copies will be made available. Ajit Prasad Press Release : 2015-2016/1786 |