Download or read book Productivity And Wages In Indian Industries written by Laxmi Narayan and published by Discovery Publishing House. This book was released on 2003 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Productivity and wages plays an important role in the economic development and ultimately determines the standard of living in the country. In a developing economy like India the wage policy is facing a real conflict between the need of the workers for larger consumption and the demand of the economy for higher rate of capital formation. The increasing productivity and its linking with wages is the best option available. The book examines the relationship between productivity and wages in selected industries of organised manufacturing. In this endeavour, the book examines (a) The trends in productivity; (b) The trends in distribution of productivity gains; (c) The trends in factor compensation (wages and rate of return). Contents: Introduction and Problem Setting, Data and Methodology, Wage Productivity Relationship Theoretical and Empirical Evidence, Productivity Trends in Selected Industries, Trends in Distribution of Productivity Gains, Trends in Wages and Earnings, Wage-Productivity R

Download or read book Wage and Productivity Trends in India written by Zile Singh Goyat and published by . This book was released on 1996-06-01 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

Download or read book Wages and Productivity in Selected Indian Industries written by J. N. Sinha and published by . This book was released on 1970 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph examining the relationship between increases in wages and gains in productivity in the cotton textiles, cement, sugar, Jute and paper industries in India from 1950 to 1963 and indicating that account must be taken of changes in labour productivity, etc. References and statistical tables.

Download or read book Wage Led Growth written by Engelbert Stockhammer and published by Springer. This book was released on 2013-12-03 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

Download or read book Reform and Productivity Growth in India written by Dibyendu Maiti and published by Routledge. This book was released on 2014-01-03 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last two decades, India has experienced a high growth rate, but the contribution from productivity growth and technological progress has been very low. This has resulted in a poor performance in the employment generation in the formal sector, and this book examines this phenomenon and the Indian growth pattern. Using primary and secondary data, the book looks at the impact of economic reform on technological change and total productivity growth, and in turn its impact on the labour market. It examines the effect of trade reform on the form and functioning of labour markets, and goes on to look at the impact of the global financial crisis on the Indian labour market. Offering interesting modelling exercises and empirical verifications that bring fresh ideas and new content, this book is of interest to academics in the fields of development economics, international economics and South Asian studies.

Download or read book Productivity Growth in Indian Industry written by B. N. Goldar and published by . This book was released on 1986 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Productivity and Growth in Indian Manufacturing written by Isher Judge Ahluwalia and published by Oxford University Press, USA. This book was released on 1991 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: What caused the increase in industrial productivity in the marketing sector of India in the 1980s after nearly two decades of industrial stagnation? This book examines the causes of this turn around, including improvements in planning and performance of infrastructure sectors, as well as changes in industrial and trade policies. The study emphasizes the need for policy reform at the microeconomic level combined with strong measures designed to enhance a macroeconomic environment which is conducive to growth.

Download or read book Wage Price and Productivity in Leading Sectors written by Basudeb Sahoo and published by . This book was released on 1988 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: With reference to plantation, mining, and transport sectors of India.

Download or read book Trends in Rural Wage Rates written by A Amarender A. Reddy and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: After liberalisation of Indian economy in early 1990s, India's GDP growth rates have been picked up and there is a sign of speeding up of structural transformation in Indian economy with the share of agriculture in GDP reduced to 12%. However, still about 50% of the labor force depends on agriculture, which shows that the structural transformation in employment is slower and productivity differences between agriculture and non-agricultural sector is growing. Some studies that the high economic growth has not been able to translate itself into increase in the wages and earnings of the workforce. Some other studies find that the majority of the labor benefited from the increased growth rates in GDP through its effects on the raising wage rates and productivity gains mainly in urban centres, however the trickle down effects of these benefits to rural areas is questionable. Many observe that since last decade, labor shortages in rural India have become an issue. Farmers in rural areas blaming it on employment guarantee scheme MGNREGA, but there is no concrete evidence to prove this, some are also claiming that the faster growth of the economy and non-farm sector are the main reasons, which is in fact is a good sign. However, there are no studies specifically test the theoretical and empirical issues of rising wage rates in India. In this paper, trends in rural wages are assessed along the Lewis continuum through wage rates data. Our results show a clear rising trend in real wage rates since 1995, and then accelerated from 2007 onwards at least in developed states like Punjab, Haryana and Tamil Nadu. Less participation in public works program in Punjab and Haryana also indicates no surplus labor. This confirms that at least developed states in India crossed the Lewis Turning Point. The acceleration of real wages even in slack season indicates that the era of labor shortage is started in rural areas especially in developed states like Tamil Nadu, Haryana, Punjab and Andhra Pradesh, which needs to be tackled through labor saving technology and wide scale farm mechanisation. On the other hand it appears that the underdeveloped states like Madhya Pradesh, Uttar Pradesh and Bihar are not reached the LTP and needs to develop policies to increase productivity of rural labor in these backward states.

Download or read book Wage Productivity Relationship Theoretical Issues Inter Industry and Inter state Analysis written by Sanjay Sabharwal and published by Deep and Deep Publications. This book was released on 2007 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Indian context.

Download or read book Indian Farm Wages written by Shweta Saini and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study looks at trends in Indian farm wages, analyses their linkage with food prices, and identifies factors which drove their growth in real terms. We employ quantitative and qualitative analysis techniques for this purpose. A vector-error correction model (VECM) is used to determine the linkage between farm wage inflation and food inflation, and a pooled mean group (PMG) estimation method, used for dynamic heterogeneous panels, is used to identify the drivers of growth in real farm wages.In last 20 years (1998-99 to 2017-18), wages of India's farm labourers increased at an average annual rate of 9.3 per cent in nominal and 3.2 per cent in real terms. For an average agricultural labourer, the daily wage rates increased from less than INR 45 in 1998-99 to about INR 229 in 2017-18. In real terms (2004-05 prices), this increase was from INR 50 to about INR 90 per day. The empirical analysis of the monthly wage time series identified a structural break in January 2007. Specifically, the curve is near-flat before this break-point subsequent which it rises sharply.On the relation between food inflation and wage growth, evidence was found of a food-wage spiral where changes in food prices and farm wages were estimated to impact each other. However, the impact of food inflation emerged to be stronger on wages than vice-versa and this impact was observed to strengthen post 2007-08.The panel study (1987-88 to 2015-16) on the drivers of real wage growth was conducted around the January 2007 structural break. Before this break, growth in real wages was estimated to be mostly driven by growth in the agriculture sector. Any influence of non-agricultural sectors (manufacturing and construction) did not emerge significant during this period. However, post the break, the growth witnessed in both- non-agricultural (manufacturing and construction sectors) and agricultural sectors explained the sharp increases in real farm wages. The large public rural employment program, MGNREGA (introduced in 2005) was identified as a third potential force of influence on rural wages; however, among other significant factors, its contribution to farm wage growth was estimated to be low and with a lag.Policy implications based on these findings are that for faster growth in real farm wages, focus needs to be on augmenting labour productivity in agriculture. In order to pursue that, one needs to lead reforms in agriculture that can accelerate agri-GDP growth and ensure that the rest of the economy, especially the manufacturing and construction sector, grow much faster pulling labour out from the agricultural sector to higher productivity jobs in manufacturing, construction, and possibly also services.

Download or read book Productivity Trends in India s Manufacturing Sectors in the Last Two Decades written by Bulent Unel and published by . This book was released on 2006 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Starting in the late 1970s, the Indian authorities implemented a series of reforms aimed at exposing the economy to greater competition and at liberalizing key aspects of economic activity. This paper investigates productivity trends in India's (registered) manufacturing sectors during the 1980s and 1990s. The main findings of the paper are (i) labor and total factor productivity (TFP) growth in total manufacturing and many of the component sectors since 1980 were markedly higher than that in the preceding two decades, although the extent of the acceleration in TFP growth depends critically on the underlying assumptions about factor elasticities and the assumed structure of the production function; (ii) productivity growth for total manufacturing as well as for many subsectors picked up further after the 1991 reforms; and (iii) classification of the best performing sectors and the weakest performing sectors, based on comparative TFP, remains robust to changes in underlying assumptions.

Download or read book Structural Change and Labour Productivity Growth in India written by Rosa Abraham and published by . This book was released on 2017 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book China s Productivity Convergence and Growth Potential A Stocktaking and Sectoral Approach written by Min Zhu and published by International Monetary Fund. This book was released on 2019-11-27 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the “middle-income trap” and financial vulnerabilities are mounting after years of rapid credit expansion. However, the existing literature has largely focused on macro level aggregates, which are ill suited to understanding China’s significant structural transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China’s convergence progress in 38 industrial sectors and 11 services sectors, examines past sectoral transitions, and predicts future shifts. We find that China’s productivity convergence remains at an early stage, with the industrial sector more advanced than services. Large variations exist among subsectors, with high-tech industrial sectors, in particular the ICT sector, lagging low-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural shift from industry to services, and demographic changes will put sustained downward pressure on growth, which could slow to 5 percent by 2025 and 4 percent by 2030. Digitalization, SOE reform, and services sector opening up could be three major forces boosting future growth, while the risks of a financial crisis and a reversal in global integration in trade and technology could slow the pace of convergence.

Download or read book Workers Unions and Global Capitalism written by Rohini Hensman and published by Columbia University Press. This book was released on 2011-01-27 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: While it's easy to blame globalization for shrinking job opportunities, dangerous declines in labor standards, and a host of related discontents, the "flattening" of the world has also created unprecedented opportunities for worker organization. By expanding employment in developing countries, especially for women, globalization has formed a basis for stronger workers' rights, even in remote sites of production. Using India's labor movement as a model, Rohini Hensman charts the successes and failures, strengths and weaknesses, of the struggle for workers' rights and organization in a rich and varied nation. As Indian products gain wider acceptance in global markets, the disparities in employment conditions and union rights between such regions as the European Union and India's vast informal sector are exposed, raising the issue of globalization's implications for labor. Hensman's study examines the unique pattern of "employees' unionism," which emerged in Bombay in the 1950s, before considering union responses to recent developments, especially the drive to form a national federation of independent unions. A key issue is how far unions can resist protectionist impulses and press for stronger global standards, along with the mechanisms to enforce them. After thoroughly unpacking this example, Hensman zooms out to trace the parameters of a global labor agenda, calling for a revival of trade unionism, the elimination of informal labor, and reductions in military spending to favor funding for comprehensive welfare and social security systems.

Download or read book The World Economy written by Dale W. Jorgenson and published by Cambridge University Press. This book was released on 2016-11-24 with total page 597 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first long-term analysis of the process of structural change and productivity growth in Asia, Europe, Latin America and the USA.