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The structural transformation of the Indian economy from agriculture (primary sector) dominated to one led by the services sector (tertiary sector), bypassing the intermediate stage of manufacturing (secondary sector) led growth, offers an alternative to conventional theories of economic...
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This paper revisits the role of the manufacturing sector during the middle-income stage. By exploiting a large dataset that covers internationally comparable sectoral information, we prove that the manufacturing sector is imbued with three important characteristics. First, for middle-income...
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This paper addresses the link between productivity and labour mobility. The hypothesis tested in the paper is that … knowledge is then diffused within the new environment creating spillovers and leading to productivity improvements. A … theoretical framework is presented wherein productivity growth is modelled through knowledge acquisition with respect to labour …
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Spillovers have usually been undertaken at the country level, the spillover effects can be more definitive only if the analysis is conducted at the industry-level. This paper therefore attempts to identify spillovers by disentangling technological innovations into intra- and inter-national...
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