A Study on Intersectoral Linkages in Indian Economy
DOI:
https://doi.org/10.17010/aijer/2017/v6i1/111020Keywords:
Input Output Analysis
, Backward Linkage, Forward Linkage, Key Sector, IndiaC67
, D57, O11Paper Submission Date
, February 19, 2015, Paper sent back for Revision, December 13, 2016, Paper Acceptance Date, February 2, 2017.Abstract
The study was undertaken to estimate the inter-sectoral linkages among the economic sectors of the Indian economy using Rasmussen method (1956).The data source of this study was the input output table consisting of 130 sectors for the year 2007-08 prepared by Central Statistical Office (CSO) of the Government of India and published in 2012. For the purpose of analysis, the Input Output Table was further consolidated into 56 sectors. The key sectors were identified using Hirschman (1958) criteria to identify influential sectors of the economy having substantial spill-over effects on the rest of the economy. The results appear to be in support of policy initiatives for providing ample opportunities for the expansion of manufacturing sector and more so the service sector to achieve the growth rate envisaged in the 12th plan document.Downloads
Downloads
Published
How to Cite
Issue
Section
References
Ashwani & Vashist, D. C. (2012). Structural analysis of Indian economy through forward and backward linkages. Central University of Haryana. Retrieved from http://iegindia.org/wshop2526july /paper8.pdf
Bathla, S. (2003). Agriculture market intervention policies: Trends and implications in a new regime. Mimeo, Institute of Economic Growth, Delhi University Enclave.
Bhardwaj, R. N., & Chaddha, R. (1991). Sources of growth and inter-industry linkages in Indian economy with special reference to the manufacturing sector. Indian Economic Review, 26 (2), 189 - 219.
Bhattacharya, T., & Rajeev, M. (2014). Identifying the high linked sectors for India: An application of import-adjusted domestic input-output matrix. ISEC, Banglore, Working Paper 329. Retrieved from http://www.isec.ac.in/WP%20329%20-%20Tulika%20and%20Meenakshi%20Rajeev_proof.pdf
Cai, J., & Leung, P. (2004). Linkage measures: A revisit and a suggested alternative. Economic Systems Research, 16 (1), 63-83. doi: http://dx.doi.org/10.1080/0953531032000164800
Chenery, H.B., & Taylor, L. (1968). Development patterns: Among countries and over time. The Review of Economics and Statistics, 50 (4), 391 - 416.
Chenery, H. B., & Watanabe, T. (1958). International comparison of the structure of production. Econometrica, 26 (4), 487-521. doi: 10.2307/1907514
Central Statistical Organization (CSO). (2012). Input-output transaction tables. New Delhi : Ministry of Statistics and Programme Implementation, Government of India.
Dhawan, S., & Saxena, K. K. (1992). Sectoral linkages and key sectors of the Indian economy. Indian Economic Review, 27 (2), 195-210.
Dietzenbacher, E. (1992). The measurement of inter-industry linkages: Key sectors in the Netherlands. Economic Modelling, 9 (4), 419 - 437. doi: http://dx.doi.org/10.1016/0264-9993(92)90022-T
Ghosh, A. (1958). Input-Output approach to an allocation system. Economica, 25 (97), 58 - 64.
Hansda, S. K. (2001). Sustainability of services-led growth : An input - output analysis of Indian economy. Reserve Bank of India Occasional Working Paper Series. Vol. 22 Nos. 1, 2, and 3. New Delhi: Reserve Bank of India.
Hazari, B. R. (1970). Empirical identification of key-sectors in the Indian economy. Review of Economics and Statistics, 52 (3), 301-305.
Hewings, G. J. D. (1982). The empirical identification of key sectors in an economy: A regional perspective. The Developing Economies, 20(2), 173-195. doi: 10.1111/j.1746-1049.1982.tb00444.x
Hirschman, A. O. (1958). The strategy of economic development. New Haven : Yale University.
Jones, L. P. (1970). The measurement of Hirschman linkages. Quarterly Journal of Economics, 90 (2), 323-333. doi: 10.2307/1884635
Kumar, S., & Das, S. (2015). Sector analysis on Make in India. Indian Journal of Applied Research, 5 (11), 143-153.
Kuznets, S. (1966). Modern economic growth: Rate, structure and spread. New Haven, Connecticut : Yale University Press.
Leontief, W. W. (1936). Quantitative input and output relations in the economic system of the United States. Review of Economics and Statistics, 28 (3), 105Â] 125. doi: 10.2307/1927837
Mitra, A., & Schmid, J. P. (2008). Growth and poverty in India: Emerging dimensions of the tertiary sector. The Service Industries Journal, 28 (8), 1055-1076. doi: http://dx.doi.org/10.1080/02642060802187843
Munjal, P. (2007). Structural changes in Indian economy : An input-output analysis. Indian Economic Review, 42 (1), 77-95.
Rasmussens, P. N. (1958). Studies in inter-sectoral relations. Amsterdam : North Holland Publishing Company.
Saikia, D. (2011). Analyzing inter-sectoral linkages in India. African Journal of Agricultural Research, 6 (33), 6766-6775. doi: 10.5897/AJARX11.024
Sastry, D.V.S., Singh, B., Bhattacharya, K., & Unnikrishnan, N. K. (2003). Sectoral linkages and growth: Prospects reflection on the Indian economy. Economic and Political Weekly, 38 (24), 2390 - 2397. doi: DOI: 10.2307/4413682
Schultz, S. (1977). Approaches to identify key sectors empirically by means of input output analysis. Journal of Development Studies, 14(1), 77 - 96. doi: http://dx.doi.org/10.1080/00220387708421663
Timmer, M. P., Dietzenbacher, E., Los, B., Stehrar, R., & de Vries, G. J. (2015). An illustrated user guide to the world input - output database: The case of global automotive production. Review of International Economics, 23 (3), 575 - 605. doi: 10.1111/roie.12178
Yotopoulos, P. A., & Nugent, J. B. (1976). In defense of a test of the linkage hypothesis. Quarterly Journal of Economics, 90 (20), 334 - 343. doi: 10.2307/1884636
