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dc.contributor.authorMallick, Jagannath
dc.date.accessioned2020-12-02T22:20:08Z
dc.date.available2020-12-02T22:20:08Z
dc.date.issued2017-02-01
dc.identifier.other10199486
dc.identifier.urihttps://hdl.handle.net/1813/87296
dc.description.abstractGlobalization has significantly changed the composition and structure of emerging economies, which has in turn reallocated factors across various economic activities. In this context, this study examines the sources of labor reallocation or structural change, and measures and empirically evaluates the contribution of structural change to labor productivity growth (LPG) by controlling for indicators of economic globalization and types of human capital. The study also evaluates the relative contributions of human and physical capital to LPG. The study found that changing final demand is the most crucial factor in labor reallocation in India. In the PRC, this and changes in technology are factors of labor allocation. The regression analysis confirmed that structural change, globalization, and human capital significantly contribute to LPG. Due to its prevailing structure, India is capable of leading global economic growth in the future, provided that certain necessary policies on human capital development, outward-oriented policies, and other conducive economic reform measures are taken.
dc.language.isoen_US
dc.rightsRequired Publisher Statement: © Asian Development Back. Available at ADB’s Open Access Repository under a Creative Commons Attribution license (CC BY 3.0 IGO).
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectIndia
dc.subjectChina
dc.subjectstructural change
dc.subjectlabor productivity growth
dc.subjectlabor reallocation
dc.subjecthuman capital
dc.titleStructural Change and Productivity Growth in India and the People's Republic of China
dc.typearticle
dc.description.legacydownloadsADB_Structural_change_and_productivity_growth_in_India_and_China.pdf: 493 downloads, before Oct. 1, 2020.
local.authorAffiliationMallick, Jagannath: University of Hyogo


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Except where otherwise noted, this item's license is described as Required Publisher Statement: © Asian Development Back. Available at ADB’s Open Access Repository under a Creative Commons Attribution license (CC BY 3.0 IGO).

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