Latha Varadarajan
- Published in print:
- 2010
- Published Online:
- September 2010
- ISBN:
- 9780199733910
- eISBN:
- 9780199866205
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199733910.003.0004
- Subject:
- Political Science, International Relations and Politics
Chapter 4 goes beyond the first approximation at resolving the puzzle of why the Indian state turned away from the Indian diaspora immediately after independence, by providing a more focused analysis ...
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Chapter 4 goes beyond the first approximation at resolving the puzzle of why the Indian state turned away from the Indian diaspora immediately after independence, by providing a more focused analysis of the nature of the postcolonial Indian state. Using as a starting point the controversy surrounding the take‐over bid of two Indian companies by Swraj Paul, an industrialist of Indian origin based in the United Kingdom, the chapter examines the nature of the state that replaced the colonial state. It does so by putting into focus the making of bourgeois hegemony, particularly in the period leading up to Indian independence, and its eventual fracturing by the 1980s. In this context, the Swraj Paul incident, which snowballed into a referendum not just on the legitimacy of the Indian capitalist class, but also on the relationship between the Indian state and the diaspora, provides a unique glimpse into the shaping of postcolonial India.Less
Chapter 4 goes beyond the first approximation at resolving the puzzle of why the Indian state turned away from the Indian diaspora immediately after independence, by providing a more focused analysis of the nature of the postcolonial Indian state. Using as a starting point the controversy surrounding the take‐over bid of two Indian companies by Swraj Paul, an industrialist of Indian origin based in the United Kingdom, the chapter examines the nature of the state that replaced the colonial state. It does so by putting into focus the making of bourgeois hegemony, particularly in the period leading up to Indian independence, and its eventual fracturing by the 1980s. In this context, the Swraj Paul incident, which snowballed into a referendum not just on the legitimacy of the Indian capitalist class, but also on the relationship between the Indian state and the diaspora, provides a unique glimpse into the shaping of postcolonial India.
Roger E. Brinner and Albert A. Hirsch
- Published in print:
- 1991
- Published Online:
- October 2011
- ISBN:
- 9780195057720
- eISBN:
- 9780199854967
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195057720.003.0005
- Subject:
- Economics and Finance, Econometrics
This chapter relates differences in selected multipliers of two econometric models—the DRI/McGraw-Hill (DRI) and the Bureau of Economic Analysis (BEA) models—to underlying structural differences. ...
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This chapter relates differences in selected multipliers of two econometric models—the DRI/McGraw-Hill (DRI) and the Bureau of Economic Analysis (BEA) models—to underlying structural differences. Because of the large size and the complexity of the models, this cannot be accomplished in anything like an exhaustive sense. Rather, the chapter tries to identify the major sources of differences by using fairly powerful analytical shortcuts. The DRI and BEA models can both be characterized as “mainstream” models in that they are augmented Keynesian systems; thus, they do not display the most extreme intermodel differences in fiscal and monetary policy multipliers. However, differences are substantial and stimulate investigation of their causes. Although the restriction of this in-depth comparison to two models was a practical necessity, it has heuristic value by at least indicating where sensitive modeling decisions may occur in other models.Less
This chapter relates differences in selected multipliers of two econometric models—the DRI/McGraw-Hill (DRI) and the Bureau of Economic Analysis (BEA) models—to underlying structural differences. Because of the large size and the complexity of the models, this cannot be accomplished in anything like an exhaustive sense. Rather, the chapter tries to identify the major sources of differences by using fairly powerful analytical shortcuts. The DRI and BEA models can both be characterized as “mainstream” models in that they are augmented Keynesian systems; thus, they do not display the most extreme intermodel differences in fiscal and monetary policy multipliers. However, differences are substantial and stimulate investigation of their causes. Although the restriction of this in-depth comparison to two models was a practical necessity, it has heuristic value by at least indicating where sensitive modeling decisions may occur in other models.
