Productivity and Exports: An Industry-Level Analysis of the Service Sector in India

IF 1.3 Q1 AREA STUDIES

Millennial Asia Pub Date : 2023-07-14 DOI:10.1177/09763996231177437

Asmita Goswami, K. Narayanan

引用次数: 0

Abstract

The large share of the service sector and its status as a net exporter raise concerns about the sustainability of such growth for a developing economy like India. Given the context, the present article attempts to examine the productivity dynamics of the service sector in India at the industry level. We use the India KLEMS dataset to identify the trends in total factor productivity (TFP) growth and the growth in factor inputs. By uniquely combining the India KLEMS dataset with the trade values in the Extended Balance of Payments Services classification, we examine the dynamics between TFP growth and exports of services using panel vector autoregression technique. The trends in factor inputs show that there is capital deepening within services and the growth in employment remained comparatively lower. The results indicate a feedback effect of exports and productivity growth within the service sector. Additionally, we note that the use of more skilled labour that is better equipped to handle new technology also contributes to growth in the service sector, both in terms of productivity and exports.

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生产率与出口：印度服务业的行业层面分析

服务业的巨大份额及其作为净出口国的地位，引发了人们对印度等发展中经济体这种增长的可持续性的担忧。鉴于这一背景，本文试图从行业层面考察印度服务业的生产力动态。我们使用印度KLEMS数据集来确定全要素生产率（TFP）增长和要素投入增长的趋势。通过将印度KLEMS数据集与扩展国际收支服务分类中的贸易值独特地结合起来，我们使用面板向量自回归技术检验了全要素生产率增长和服务出口之间的动态。要素投入的趋势表明，服务业资本深化，就业增长相对较低。研究结果表明，出口和服务业生产率增长具有反馈效应。此外，我们注意到，使用更熟练的劳动力，更好地掌握新技术，也有助于服务业在生产力和出口方面的增长。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Millennial Asia AREA STUDIES-

CiteScore

4.50

自引率

12.50%

发文量

期刊介绍： Millennial Asia: An International Journal of Asian Studies is a multidisciplinary, refereed biannual journal of the Association of Asia Scholars (AAS)–an association of the alumni of the Asian Scholarship Foundation (ASF). It aims to encourage multifaceted, multidisciplinary and interdisciplinary research on Asia, in order to understand its fast changing context as a growth pole of global economy. By providing a forum for Asian scholars situated globally, it promotes dialogue between the global academic community, civil society and policy makers on Asian issues. The journal examines Asia on a regional and comparative basis, emphasizing patterns and tendencies that go beyond national borders and are globally relevant. Modern and contemporary Asia has witnessed dynamic transformations in cultures, societies, economies and political institutions, among others. It confronts issues of collective identity formation, ecological crisis, rapid economic change and resurgence of religion and communal identifies while embracing globalization. An analysis of past experiences can help produce a deeper understanding of contemporary change. In particular, the journal is interested in locating contemporary changes within a historical perspective, through the use of interdisciplinary and multidisciplinary approaches. This way, it hopes to promote comparative studies involving Asia’s various regions. The journal brings out both thematic and general issues and the thrust areas are: Asian integration, Asian economies, sociology, culture, politics, governance, security, development issues, arts and literature and any other such issue as the editorial board may deem fit. The core fields include development encompassing agriculture, industry, regional trade, social sectors like health and education and development policy across the region and in specific countries in a comparative perspective.