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This article focuses on the growth-employment relationship and the determinants of labour force participation rate. In … the time-series framework, employment is seen to have a greater impact on GDP rather than vice versa. This is quite … consistent with the literature that employment contracts can be long term in nature, and they are usually not flexible in the …
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by falling poverty and fairly stable, or even declining, income inequality. Subsequently, from about the mid-1970s … onwards, a cumulative process of non-farm diversification took hold, and was accompanied by further growth and poverty decline … growth in inequality and has played a particularly pronounced role in reducing poverty. …
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