Showing 1 - 10 of 16
We use the real wage-profit rate schedule to examine the direction of technical change in India's organized manufacturing sector during 1980-2007. We find that technical change was Marx biased (i.e., declining capital productivity with increasing labor productivity) through the 1980s and 1990s;...
Persistent link: https://www.econbiz.de/10010286494
We reinterpret unit labor costs (ULC) as the product of the labor share in value added, times a price adjustment factor. This allows us to discuss the functional distribution of income. We use data from India's organized manufacturing sector and show that while India's ULC displays a clear...
Persistent link: https://www.econbiz.de/10010286515
An extensive literature argues that India's manufacturing sector has underperformed, and that the country has failed to industrialize; in particular, it has failed to take advantage of its laborabundant comparative advantage. India's manufacturing sector is smaller as a share of GDP than that of...
Persistent link: https://www.econbiz.de/10010286537
We use the real wage–profit rate schedule to examine the direction of technical change in India’s organized manufacturing sector during 1980–2007. We find that technical change was Marx biased (i.e., declining capital productivity with increasing labor productivity) through the 1980s and...
Persistent link: https://www.econbiz.de/10008664007
We reinterpret unit labor costs (ULC) as the product of the labor share in value added, times a price adjustment factor. This allows us to discuss the functional distribution of income. We use data from India’s organized manufacturing sector and show that while India’s ULC displays a clear...
Persistent link: https://www.econbiz.de/10008664019
Persistent link: https://www.econbiz.de/10010229649
An extensive literature argues that India's manufacturing sector has underperformed, and that the country has failed to industrialize; in particular, it has failed to take advantage of its laborabundant comparative advantage. India's manufacturing sector is smaller as a share of GDP than that of...
Persistent link: https://www.econbiz.de/10008759468
Persistent link: https://www.econbiz.de/10003297049
In recent years, some developing Asian countries claim to have started shifting emphasis from export-led to domestic-demand-led growth policies with a view to achieving a more balanced growth strategy. This paper evaluates empirically how far this shift has gone. The evaluation - based on an...
Persistent link: https://www.econbiz.de/10002870689
An extensive literature argues that India's manufacturing sector has underperformed, and that the country has failed to industrialize; in particular, it has failed to take advantage of its labor-abundant comparative advantage. India's manufacturing sector is smaller as a share of GDP than that of...
Persistent link: https://www.econbiz.de/10013135769