Choice of Strategy in a Labour-abundant Developing Economy: An Empirical Analysis

Raghav Gaiha
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Raghav Gaiha: University of Delhi

Chapter 5 in Employment Policy in a Developing Country A Case-study of India Volume 2, 1983, pp 439-460 from Palgrave Macmillan

Abstract: Abstract This paper aims at evaluating a set of strategies in the context of a labour-surplus developing economy. Given the primacy of the employment objective, an important consideration is the employment potential of a strategy. The choice of a strategy cannot, of course, be limited to a choice in terms of the employment potential alone. Questions relating to investment requirements of the strategies in question also need to be examined. To the extent that scarcity of foreign exchange acts as a constraint — undeniably an important constraint for most developing countries — the relative effectiveness of a strategy in overcoming this constraint adds another important dimension to the choice at issue. These are some of the questions examined here with Indian data.

Keywords: Private Consumption; Consumption Expenditure; Employment Potential; Domestic Saving; Household Saving (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-06646-9_5

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DOI: 10.1007/978-1-349-06646-9_5

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