tag:blogger.com,1999:blog-19649274.post5294300234295718776..comments2024-03-27T17:16:12.789+05:30Comments on The Leap Blog: Does urban India favour liberal economics?Ajay Shahhttp://www.blogger.com/profile/03835842741008200034noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-19649274.post-50966106144128600642008-10-21T14:47:00.000+05:302008-10-21T14:47:00.000+05:30In India, they have roughly 2,000 people, with an ...In India, they have roughly 2,000 people, with an urban bias.<BR/><BR/>Pls lets not ignore the crosssection involved here.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19649274.post-79611661286621207762007-10-06T11:35:00.000+05:302007-10-06T11:35:00.000+05:30I like your tally of the "liberal worldview". Whil...I like your tally of the "liberal worldview". While I doubt Ivory Coast economic view is more liberal than UK or US, the pattern is to be expected. At the moment, poorer developing countries probably see more is to be gained from free markets and free trade than richer developed countries perception that they are on the losing end of free trade. <BR/><BR/>The perception is among the working class in both spectrums; investors, owners of capital, and economies as a whole in both spectrums tend to be winners. Hence the push for more socialized entitlement programs in developed countries under the guise of providing safety net from free trade and global competition.Chandrahttps://www.blogger.com/profile/04763671243428875888noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-89284293801324879122007-10-06T08:35:00.000+05:302007-10-06T08:35:00.000+05:30My apologies. The documents from the Pew website s...My apologies. The documents from the Pew website say the 95% confidence interval is at roughly 2 percentage points. So when one sees large changes (e.g. 10 percentage points) there is little doubt about statistical significance.<BR/><BR/>sqrt(p(1-p)/N), evaluated at p=.2 and N=2000, gives .0089.Ajay Shahhttps://www.blogger.com/profile/03835842741008200034noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-24815101570123324082007-10-06T00:26:00.000+05:302007-10-06T00:26:00.000+05:30just curious: if these surveys are statistically v...just curious: if these surveys are statistically valid,how come the results are presented without providing the sampling error %ge or any confidence interval.<BR/><BR/>using numbers like 78% people think in so-and-so manner makes it sound like some empirical truth rather than just statistical hypothesisDsylexichttps://www.blogger.com/profile/03882859273018168075noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-76330394654583793142007-10-05T10:57:00.000+05:302007-10-05T10:57:00.000+05:30Can't agree more with kk. Leftist tendencies are f...Can't agree more with kk. Leftist tendencies are frowned upon in India, simply because the government fails to perform. The example oft-quoted by left-liberals in the US is , there wouldn't have been the 'free' interconnected Internet as we know it today had it been left to the private firms, it would have been a similar mess as the mobile and telecom networks.<BR/><BR/>However for whatever the reasons, the urban middle class in India does have a liberal economic view, free market does tend to perform far better(though not equitably) for them in a developing country like India.tarunhttps://www.blogger.com/profile/01896144197925207165noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-4761451325071807472007-10-05T09:59:00.000+05:302007-10-05T09:59:00.000+05:30Anonymous,That's not true.The efficiency of an est...Anonymous,<BR/><BR/>That's not true.<BR/><BR/>The efficiency of an estimator depends only on the characteristics of the sample and the sample size. It does not vary with the size of the population. Assuming Messrs Pew et al did their experimental design correctly, 2000 odd people gets them to the correct range of standard errors regardless of India's population.Ajay Shahhttps://www.blogger.com/profile/03835842741008200034noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-11313403346686631442007-10-05T09:56:00.000+05:302007-10-05T09:56:00.000+05:30it is not appropriate to draw conclusions broad co...it is not appropriate to draw conclusions broad conclusions based on a sample size of 2000 people in a country of billion peopleAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19649274.post-11898072904071454602007-10-05T09:54:00.000+05:302007-10-05T09:54:00.000+05:30there is a disconnect between urban India's prefre...there is a disconnect between urban India's prefrence for 'free markets' and 'free trade' and their policy prefrences<BR/><BR/>there was a survey done few months back where urban middle class overwhelmingly opposed disinvestment and supported government subsidies and government intervention in the marketsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19649274.post-59516825453012045442007-10-05T09:35:00.000+05:302007-10-05T09:35:00.000+05:30Hmm, This is an opinion poll about what the people...Hmm, This is an opinion poll about what the people think about *their* current governments and *their* current economy, isn't it? Comparing the %s between US and India of people who support free markets, for instance, is comparing apples to oranges, considering the current state of the respective economies. Of course, in urban india, there's be a backlash against the pervasive government meddling everywhere. But we can only compare these numbers and make statements about who is more liberal only when the Indian government has gone as far as the US goevernment has, in terms privatizing even core functions such as defence, health care and education.<BR/><BR/>Also, not clear what people understood by these questions: Does "free trade" mean imports from China or exporting IT services to US? Does "foreign firms" mean Nokia/Ford or KFC/Coke? Does "free market" mean "Digital camera at 2000 rupees" or "rice at 40/kg"? It does not look like the questionnaire presented the context clearly.Strumshttps://www.blogger.com/profile/01848365553457683319noreply@blogger.com