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The Puzzle of Jobless Growth in Indian Manufacturing

Bhalotra, Sonia R (1998) 'The Puzzle of Jobless Growth in Indian Manufacturing.' Oxford Bulletin of Economics and Statistics, 60 (1). pp. 5-32. ISSN 0305-9049

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In the 1980's, India experimented with deregulation in industry and trade. Manufacturing output accelerated but employment declined, raising doubts about the desirability of the policy reforms. This paper proposes an explanation of employment behaviour in terms of increases in total factor productivity, in actual hours worked, and in the product wage. Using robust methods, it is shown that neglect of hours worked results in a substantial upward bias in estimates of the wage elasticity. Growth in productivity and hours appears to be associated with the reform process, with the increase in hours worked reflecting recovery of lost time. To the extent that hours must hit a ceiling, the drop in employment on this count is expected to be temporary. Other things being equal, employment prospects appear to depend considerably on the course of productivity growth. © Blackwell Publishers 1998.

Item Type: Article
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HN Social history and conditions. Social problems. Social reform
H Social Sciences > HQ The family. Marriage. Women
H Social Sciences > HS Societies secret benevolent etc
H Social Sciences > HT Communities. Classes. Races
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Institute for Social and Economic Research
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 03 Oct 2016 13:45
Last Modified: 23 Sep 2022 18:44

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