Economic reforms and infrastructure growth, Microeconomics

Economic Reforms and Infrastructure Growth

Infrastructure data for the pre-reform period (1980-81 to 1990-91) is with1980-81 as base year and for post-reform period (1993-94 to 2003-04) is with1993-94 as base year. In that sense, the growth rates are not strictly comparable,but they are indicative of the trend. 

Data provided in table 8.11 reveal that in case of saleable steel and cement, growth rates in the post-reform period were higher than in the pre-reform period. In the case of steel, growth rate during 1993-94 to 2002-03 was 9.5 per cent as against only 4.9 per cent in the 1980s. Similarly, in the case of cement, growth rate in the post-reform period was 8.2 per cent as against 4.0 per cent in the pre- reform period. But it may be pointed that in both these cases, the withdrawal of state control in pricing carried out in the 1980s was responsible for the uptrend in the post-reform period.

Posted Date: 11/15/2012 2:42:47 AM | Location : United States

Related Discussions:- Economic reforms and infrastructure growth, Assignment Help, Ask Question on Economic reforms and infrastructure growth, Get Answer, Expert's Help, Economic reforms and infrastructure growth Discussions

Write discussion on Economic reforms and infrastructure growth
Your posts are moderated
Related Questions
Problem: i) What might be the possible causes of inflation according to economic theory? ii) Taking stable prices and full employment as two macroeconomic objectives of gov

Assume that in the market there exist two types of workers where the principle cannot distinguish types. The two types only differ with respect to the disutility of effort. The dis

Individual demand curves for two perfectly competitive market TC1=10q1+1/2q1^2+100 = firm 1 TC2=10q2+q2^2+100

how to estimate a regression model that tests for higher ability individuals get a greater return from schooling

Problem: i) Differentiate between economic development and economic growth. ii) Describe carefully how, using the expenditure approach, national income is calculated. ii

You are considering whether or not to go to graduate school. Well… there are many things to consider, of course, such as the type of job you would thus get, the opportunity to live

Assess whether market economies have been more successful than planned economies in providing welfare for citizens. The student is expected to outline some of the basic issues

Distinction Between Cost and Expenditure As has already been defined, cost is the money equivalent of material and human resources needed to produce a good or a service. Expen

Explain opportunity costs using a PPF where investment goods are on one axis and consumption goods on the other. Again, a good definition of opportunity costs linked to the not