Trade Liberalisation, Economic Growth and Environmental Externalities - Hansa Jain

Trade Liberalisation, Economic Growth and Environmental Externalities (eBook)

An Analysis of Indian Manufacturing Industries

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2016 | 1st ed. 2017
XVI, 182 Seiten
Springer Singapore (Verlag)
978-981-10-2887-8 (ISBN)
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The book examines the trade liberalization measures, which were initiated in India during 1991 and which focused on manufacturing industries. This industry was considered because of its strong inter-sectoral links and its capacity to stimulate the growth of other sectors. The resulting liberal trade policies, involving a reduction in trade barriers and inflows of FDI, capital and technologies, were adopted to increase the manufacturing output.  However, these measures were most beneficial to those industries whose products have greater demand in developed countries.  Against this backdrop, the book breaks down the overall effect of trade-induced manufacturing growth into scale, composition and technique effects to discuss the impact on environmental externality. In addition to manufacturing activity, it also investigates the effect of other factors that improve with economic growth and examines the extent to which India's trade-led economic growth allows production activities to move to cleaner technologies and whether India has achieved its economic growth by specializing in pollution-intensive (low technology) industries. The book also estimates the impact of these environmental externalities on society's wellbeing.



Hansa Jain is Associate Professor of Economics at Sardar Patel Institute of Economic and Social Research, Ahmedabad.  She has over two decades of experience in teaching and research. She has held visiting positions in some of the Indian universities as well as institutes. Her research work focuses on economic growth, international trade, environment, regional disparities and socio-economic development. She has also evaluated many government level schemes on development. Her research work is published in well-known journals of national and international importance and she has also authored two books.
The book examines the trade liberalization measures, which were initiated in India during 1991 and which focused on manufacturing industries. This industry was considered because of its strong inter-sectoral links and its capacity to stimulate the growth of other sectors. The resulting liberal trade policies, involving a reduction in trade barriers and inflows of FDI, capital and technologies, were adopted to increase the manufacturing output.  However, these measures were most beneficial to those industries whose products have greater demand in developed countries.  Against this backdrop, the book breaks down the overall effect of trade-induced manufacturing growth into scale, composition and technique effects to discuss the impact on environmental externality. In addition to manufacturing activity, it also investigates the effect of other factors that improve with economic growth and examines the extent to which India's trade-led economic growth allows production activities to move to cleaner technologies and whether India has achieved its economic growth by specializing in pollution-intensive (low technology) industries. The book also estimates the impact of these environmental externalities on society's wellbeing.

Hansa Jain is Associate Professor of Economics at Sardar Patel Institute of Economic and Social Research, Ahmedabad.  She has over two decades of experience in teaching and research. She has held visiting positions in some of the Indian universities as well as institutes. Her research work focuses on economic growth, international trade, environment, regional disparities and socio-economic development. She has also evaluated many government level schemes on development. Her research work is published in well-known journals of national and international importance and she has also authored two books.

List of Tables, Figures and Appendices

Preface

List of Abbreviations

Introduction

Trade Liberalization and Economic Growth

Trade-induced Growth and Environmental Externalities: Emerging Issues in Developing Economies

Conceptual Framework

Statement of the Problem

Objectives of the Study

Hypothesis

Scope and Coverage

Plan of the Study

Review of Existing Literature

Studies on Trade Liberalization led Economic Growth

Studies Related to Liberalized Policies and Its Environmental Implications

Studies on Growth-Environment Nexus

Studies on Market Economy, Property Rights and Environmental Externalities

Conclusion Methodology

Macro Level Approach

Micro Level Approach

Trade Liberalization Process and India’s Growth Experiences

Trade Liberalization Process in India

Tariff Policy in India Since 1991

Foreign Direct Investment in India: Trends and Patterns

Foreign Technology Transfers

India’s International Trade Experiences (Since 1991)

India’s Trade Liberalization and Economic Growth

Conclusion

Changing Structure of Indian Manufacturing Industries

Growth Pattern of Indian Manufacturing Industries in the Liberalized Era

Structural Changes at Industry Level

Trade Liberalization, Trade Orientation and Comparative Advantage

Interrelationship between Trade Liberalization, Trade Orientation and Comparative Advantage

Conclusion

Trade Liberalization, Manufacturing Growth and Environmental Externalities

Manufacturing Growth and Pollution Concentration in India

Relation between Manufacturing Output and Pollution Loads at Industry Level

Estimation of the Impact of Manufacturing growth on Environmental Externalities

Conclusion

Environmental Externality and Well Being: A Micro Level Approach with a Focus on Gujarat

Status of Gujarat in India

Sample Characteristics

Household’s Awareness about Industrial Emission

Respondent’s Opinion about the Impact of Industrial Pollution

Estimated Results of Ordinary Logit Model

Conclusion

Summary, Conclusion and Policy Implications Summary

Conclusion

Policy Implications

Annexures (Questionnaire)

Annexures (Tables)

References

Erscheint lt. Verlag 20.12.2016
Zusatzinfo XVI, 182 p. 13 illus., 6 illus. in color.
Verlagsort Singapore
Sprache englisch
Themenwelt Sozialwissenschaften Politik / Verwaltung
Technik
Wirtschaft Volkswirtschaftslehre Makroökonomie
Wirtschaft Volkswirtschaftslehre Wirtschaftspolitik
Schlagworte Economic Growth • Environmental Externalities • Manufacturing Industries • Pollution Loads • trade liberalization
ISBN-10 981-10-2887-7 / 9811028877
ISBN-13 978-981-10-2887-8 / 9789811028878
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