Factor and product market distortions production efficiency and international trade

Document Type

Article

Publication Title

Economic and Political Weekly

Abstract

Policy-induced factor market distortions in resource allocation can be effectively used to shun the static inefficiency to bring about dynamic growth in an economy. This paper argues that static allocative inefficiency continues to plague the industrialisation process in India worsening the skewness of income distribution which has caused the fragmentation of the domestic market for manufactured goods.

Publication Date

1-4-1993

Publisher

Sameeksha Trust

Volume

Vol.28

Issue

Iss.48

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