Economic Growth, Structural Change and Productive Employment Linkages in India

South Asia Economic Journal Pub Date : 2018-03-01 DOI:10.1177/1391561418761074

A. Aggarwal

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引用次数: 9

Abstract

This article presents a quantitative analysis of growth, structural change and employment linkages at the aggregate level and by sector under the state- and market-led regimes in India. The underlying objectives are: (a) to understand how economic liberalization has affected the economic and labour market structures, and linkages thereof; and (b) to analyse how these dynamics have affected the generation of productive employment in the economy. The analysis is based on Shapley decompositions. Our results suggest that the contribution of structural change in employment to growth declined drastically and secularly as the country transitioned to a high-growth regime driven by globalization. The sector-level analysis indicates that employment opportunities are not being created in high-productivity sectors and segments. Thus, despite a high-growth rate in GDP per capita and productivity-enhancing structural transformation in GDP, a vast population is still trapped in employment that cannot be qualified as productive employment. The study attributes it to trade-induced economic specialization accompanied with weakening of internal inter-sectoral linkages. The article makes a strong case for strategic government intervention to broad base structural change for generating productive employment, which is at the core of poverty reduction. JEL codes: E24, O14, O4

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印度的经济增长、结构变化和生产性就业联系

本文对印度国家和市场主导体制下的总体水平和部门的增长、结构变化和就业联系进行了定量分析。基本目标是:(a)了解经济自由化如何影响经济和劳动力市场结构及其联系;(b)分析这些动态如何影响经济中生产性就业的产生。分析是基于沙普利分解。我们的研究结果表明，随着国家向全球化驱动的高增长体制过渡，就业结构变化对经济增长的贡献急剧下降。部门层面的分析表明，在高生产率部门和部门没有创造就业机会。因此，尽管人均GDP增长速度较快，GDP进行了提高生产率的结构转型，但仍有大量人口受困于不能算作生产性就业的就业。该研究将其归因于贸易引起的经济专业化，同时内部部门间联系减弱。这篇文章提出了一个强有力的政府战略干预的案例，以广泛的基础结构变革，以创造生产性就业，这是减贫的核心。JEL代码:E24, O14, O4

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来源期刊

South Asia Economic Journal Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.10

自引率

0.00%

发文量

期刊介绍： The South Asian nations have progressively liberalized their economies in recent years in an effort to integrate with the world economy. They have also taken steps to enhance multilateral and regional economic integration. Even though the South Asian economies have grown at an average rate of more than 5 per cent over the last few years, roughly 40 per cent of their people still live below the poverty line. Hence, the South Asian region continues to face many challenges of economic and social development. The South Asia Economic Journal (SAEJ) is designed as a forum for informed debate on these issues, which are of vital importance to the people of the region who comprise one-sixth of the world’s population. The peer-reviewed journal is devoted to economic analysis and policy options aimed at promoting cooperation among the countries comprising South Asia. It also discusses South Asia’s position on global economic issues, its relations with other regional groupings and its response to global developments. We also welcome contributions to inter-disciplinary analysis on South Asia. As a refereed journal, SAEJ carries articles by scholars, economic commentators,policy-makers and officials, from both the private and public sectors. Our aim is to create a vibrant research space to explore the multidimensional economic issues of concern to scholars working on South Asia. Among the issues debated in relation to South Asia are: - the implications of global economic trends; - the issues and challenges by WTO; - approaches to industrialization and development; - the role of regional institutions such as the SAARC; - the relationship between SAARC and other regional economic groupings such as ASEAN; - the implications of economic liberalization for trade and investment in the region; - new initiatives that can be launched to enhance economic cooperation among the South Asian countries both on a bilateral and a regional basis.