And how reliable are the statistics? Doesn't the increased monetization of an economy
almost
invariably create an upward bias in the increased the measured rate of growth.
Also, thank you Ravi for joining in.
[EMAIL PROTECTED] wrote:
> > Brad DeLong wrote:
> > >Rates of growth of GDP per capita, India:
> > >
> > >1950-1980 1.1% per year
> > >1980-1990 3.3% per year
> > >1990-2000 4.2% per year
>
> >>At the pace of the last decade, India's real productivity is doubling every
>seventeen
> years (compared to a doubling time of 65 years before 1980).<<
>
> Doug writes:
> > Any evidence on how this growth has been distributed? Are the bottom 20-40% any
>better
> off, or is it mainly captured by a thin urban middle class and the IT sector?<
>
> also, to what extent did the rise of income get siphoned off to other countries
>(e.g.,
> Swiss banks, stockholders of TNCs)?
>
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--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
