Economic Growth: Macro and Sectoral Perspectives

The book consists of research studies in some aspects of economic growth. It has a total of
thirteen papers grouped into two sections.
Section-1 relates to the macro perspectives. The papers in this section deal with growth trends,
triggers, and retarders in different countries.
The second part deals with sectoral perspective. It looks at specific situations occurring in
different sectors like automotive industry, pharmaceuticals industry, mineral industry, software
industry, financial services industry, hotels and tourism etc. It looks at the situations in different
countries also.
All in all, the book will be a valuable resource to researchers, academicians, teachers and
management students. A brief Overview of book is given in the following paragraphs.

Section-1: Macro Perspectives.

MV Lakshmi, in her paper, is exploring the advantages and challenges of the demographic
dividend that India is having in the next few decades. She argues that the challenge before India
is to nurture this natural advantage by educating and training its young population.
Deepak Khanna, in his paper examines the inter-sector relationships among agriculture, industry
and services in the Indian context vis--vis eight other non-OECD countries from 1970 to 2005
using econometric tools. He is able to quantify and establish the direction of causality; based on
these he has come up with interesting conclusions.
T R Bishnoi and T P Koirala have made an attempt to study the growth experiences of Indian
states using endogenous growth theories over a horizon of 23 years. The paper examines
absolute convergence and conditional convergence in growth performance of the states. The
hypothesis of conditional convergence is found to be more relevant.
Samarthia Thankappan explores the drivers of business towards sustainability in the Asian
context The author has surveyed the voluntary initiatives taken by businesses, the market-based
innovations, the regulatory measures and identifies future directions that will lead towards
sustainability.
Zareen Abbassi, in her paper, explores the changing paradigms of human resource management
in the economic development of Pakistan. Pakistan is in the process of transforming from a
labour surplus economy to a skill-based economy.

Electronic copy available at: http://ssrn.com/abstract=2062227

G V Satya Sekhar is exploring the corporate governance practices in India, Australia and New
Zealand with specific reference to capital market and financial sector in these countries.

Section-2: Sectoral Perspective

Jaideep Motwani and others in their paper have studied the need for implementing innovation
networks in the Indian automotive industry. The authors conclude that such networks would do a
lot of good for the industry as a whole; they have also suggested a four-step plan of
implementation.
Anoop Patiar explore the relationship between financial and non-financial performance of star
category hotels in the context of transformational leadership.
In the post-reform period the Indian pharma sector witnessed a spate of mergers, acquisitions and
restructuring. Paramjit Kaur has made an attempt to analyze the key issues that led to this
restructuring spree in the first decade of reforms since 1992.
Arun Kottolli examines the external triggers for the globalization trends among the Indian
software industry. The study also examines the transformation the industry went through from
mere coding to high end value added activities.
Ali Mohalla Hosseini, in his paper documents the experience of implementing ERP in the
National Iranian Copper Industries Corporation. He highlights the hard as well as soft issues in
the successful implementation of ERP.
C Bathala and A R Korukond have documented the emergence of capital markets in the Balkan
region of Eastern Europe since the countries have started their journey in the 90s towards market
economies. The paper lists their achievements and their shortcoming as investment destinations.
G Parvati and others explore the challenges and opportunities in the Indian financial sector since
liberalization began in the 90s.

Electronic copy available at: http://ssrn.com/abstract=2062227

Economic Growth: Macro and Sectoral Perspectives

Editor: Verma P, Bala Bhaskaran P, Madhani PM

Editors. All rights reserved.
Although every care has been taken to avoid errors and omissions, this publication is being sold
on the condition and understanding that the information given in this book is merely for
reference and must not be taken as having authority of or binding in any way on the author(s),
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Neither this book nor any part of it may be reproduced or transmitted in any form or by any
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are used only for identification and explanation without intent to infringe.
Only the publishers can export this book from India. Infringement of this condition of sale will
lead to civil and criminal prosecution.
First Edition: 2008
Printed in India
Published by
IBS
Ahmedabad 380054