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investigates the role of education on the ELGH in India during 1951-2009. Using cointegration and error correction model technique …
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Services sector in India contributes more than 60% of the overall gross domestic product (GDP) and more than 40% of … imports) in economic growth of India using autoregressive distributed lag and vector error correction model (VECM) methodology …-led growth in India during the post-reform period. …
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Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines...
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The paper provides an overview of the concept of wage-led growth, both as an analytical concept and as an economic policy strategy. At the core of our analysis is the distinction between wage-led and profit-led demand regimes. The Kaleckian tradition in macroeconomics asserts that a higher wage...
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