The role of services in India's post-reform economic growth

Goldar, Bishwanath; Das, Pilu Chandra; Dutta, Samiran

doi:10.1016/j.strueco.2023.10.016

Cited by 2 publications

(1 citation statement)

References 14 publications

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“…By using the India KLEMS data, Goldar et al (2024) analyse the patterns of TFP in several sectors within the services industry and their impact on the overall TFP growth in the sector from 1993 to 2018. Their analysis reveals that the transport and storage sector had the greatest impact on the rise of TFP in market services industries followed by the financial services sector.…”

Section: Literature Reviewmentioning

confidence: 99%

Structural transformation of the Indian states: heterogeneity among them in a ten-sector economy

T.,

Gangopadhyay,

Mondal

2024

IGDR

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Purpose This paper aims to analyse the pattern of structural transformation and productivity growth of 15 major Indian states at a ten-sector level of disaggregation from 1983 to 2017. Design/methodology/approach The analysis has been carried over in a ten-sector disaggregated level through construction of the labour and output data from various micro data sets. Findings The majority of Indian states have bypassed the stage of industrialization, wherein labour previously engaged in agriculture has transitioned directly into the modern services sector while skipping the manufacturing. There are no sign of convergence of sectoral productivities and the heterogeneity among Indian states persists throughout the time period. The growth performance of states are not positively associated with the movement of labour across sectors as measured by the structural transformation index (STI). This goes against the narrative that structural transformation help reduce the misallocation of factors. Despite an increase in educational attainment of workers across all sectors, more than one-third of agricultural workers still remain either illiterate or lack formal schooling. Among sectors, construction (C) and trade, hotels and restaurants (THR) have absorbed the majority of workers who have left agricultural jobs. Finance, insurance, real estate and business services (FIRB), electricity, gas and water supply (EGWS) and mining and quarrying (MQ) are the three sectors that have seen significant gains in labour productivity during the study period. Originality/value To the best of the authors’ knowledge, this is the first attempt to analyse structural change and productivity growth in the Indian economy using Indian states as critical geographical marker. The results are new and add value to the literature.

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Section: Literature Reviewmentioning

confidence: 99%

Structural transformation of the Indian states: heterogeneity among them in a ten-sector economy

T.,

Gangopadhyay,

Mondal

2024

IGDR

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Air Quality Monitoring and Total Factor Productivity of Polluting Firms in China

Liu,

He,

et al. 2024

Sustainability

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In recent decades, sustainable development and environmental protection, especially air quality, have become key concerns for governments as well as scholars. As a typical regulation for air quality monitoring, the Ambient Air Quality Standard (AAQS) (2012) is a good attempt at balancing economic growth and environmental protection in development exploration. Therefore, this paper takes the AAQS (2012) as a quasi-natural experiment to detect its influence on the total factor productivity (TFP) of polluting firms. The results of a DID model suggest that the AAQS (2012) significantly improves the TFP of polluting firms in China even after several robust tests. Further, this paper also finds that firms in high urbanization and with over-investment experience are more sensitive to the new standard. As for the channels, the results show that air quality monitoring affects firms’ TFP by adjusting the industry concentration level and innovation capabilities. This research offers a novel perspective for decision-makers, highlighting the importance of harmonizing economic growth with environmental sustainability.

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The role of services in India's post-reform economic growth

Cited by 2 publications

References 14 publications

Structural transformation of the Indian states: heterogeneity among them in a ten-sector economy

Structural transformation of the Indian states: heterogeneity among them in a ten-sector economy

Air Quality Monitoring and Total Factor Productivity of Polluting Firms in China

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