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Beyond The Coronavirus: Understanding Crises Of Social Reproduction, Smriti Rao
Beyond The Coronavirus: Understanding Crises Of Social Reproduction, Smriti Rao
PERI Working Papers
From a feminist political economy perspective, the unfolding of the coronavirus is a further reminder of the fundamental contradiction between a capitalist system that prioritizes profits, and a feminist ethic that prioritizes life-making or social reproduction. This paper argues for a more systematic understanding of crises of social reproduction under capitalism, stressing the difference between such crises for labour, and those for capital. The coronavirus crisis represents an extraordinary example of a crisis of social reproduction for capital, but this paper examines crises of social reproduction for capital and labour that arise from the more ordinary workings of capitalism. The …
Revisiting India’S Growth Transitions, Deepankar Basu
Revisiting India’S Growth Transitions, Deepankar Basu
Economics Department Working Paper Series
This paper reconsiders two questions relating to India’s economic growth: structural breaks in growth and the impact of equipment investment on aggregate economic growth. First, statistical tests of structural change show that economic growth in post-independence India has witnessed four structural breaks: in 1964-65, in 1978-79, in 1990-91, and in 2004-05. However, substantial growth accelerations, i.e. increase of more than 1.0% per annum in the growth rate of per capita real GDP, occurred only at two points: 1978-79 and 2004-05. Second, to analyze the impact of equipment investment on growth, I use an ARDL bounds testing methodology. I find a …