dc.contributor.author |
Chakrabarti, Saumya |
|
dc.date.accessioned |
2021-05-29T03:54:04Z |
|
dc.date.available |
2021-05-29T03:54:04Z |
|
dc.date.issued |
2013-07-17 |
|
dc.identifier.issn |
ISSN 0309-166X EISSN 1464-3545 |
|
dc.identifier.uri |
https://vbudspace.lsdiscovery.in/xmlui/handle/123456789/134 |
|
dc.description |
Journal Homepage - https://academic.oup.com/cje
JEL classifications: O11, O17, O20, Q18
Page - 1-31 |
en_US |
dc.description.abstract |
I find through analyses of across-state, across-industry-over-state and pooled data
(involving state and time) on the Indian economy that the behaviour of the urban
informal/unorganised sector is explained by the modern formal/organised sector
besides petty agriculture, but the vast rural informal sector is like ‘surplus population’,
associated only with petty agriculture. I also show there could be interactions between
the formal sector and modern agriculture. These empirical relations are analysed and
theoretical departures from the literature are identified. I propose using a Structuralist Kaleckian framework: with accumulation in the formal sector a large part of petty
agriculture is modernised or converted to suit the needs of accumulation, and thereby
we have a long-run drain of resources from petty agriculture and hence from informal
sectors as well. However, even under such a resource drain, the urban informal sector
may sustain or expand due to productivity advantages and due to pull from the formal
sector, at the cost of its rural counterpart. In the short run when the formal sector and
hence the urban informal sector expand or when the government promotes the urban
or ‘productive’ part of informal economy, a basic conflict between urban and rural
informal sectors is exposed, given the generic agricultural supply constraint. Thus, the
paradigms of ‘inclusive growth’ and ‘development management’ are questioned. |
en_US |
dc.language.iso |
en |
en_US |
dc.publisher |
Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved |
en_US |
dc.subject |
Accumulation, Inclusion, Exclusion, Marginalisation, Supply-side Conflict, Rural-Urban Dichotomy, Kalecki, India |
en_US |
dc.title |
Interrogating inclusive growth: formal informal duality, complementarity, conflict |
en_US |
dc.title.alternative |
Cambridge Journal of Economics |
en_US |
dc.type |
Article |
en_US |