Macroeconomic Determinants of Employment Intensity of Growth in India

Falguni Pattanaik () and Narayan Chandra Nayak
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Narayan Chandra Nayak: Narayan Chandra Nayak is Associate Professor at the Department of Humanities and Social Sciences, Indian Institute of Technology, Kharagpur, email: ncnayak@hss.iitkgp.ernet.in

Margin: The Journal of Applied Economic Research, 2014, vol. 8, issue 2, 137-154

Abstract: Despite India’s resurgent growth over the past years, the country seems to have failed miserably on the employment front. The employment content of economic growth—the employment intensity of growth—is on the decline. The objective of the present study is to identify the macroeconomic determinants which influence the employment intensity of growth in India. The study covers data for the period 1993–94 to 2009–10 across 15 major Indian states and applies a panel data model to find out these determinants. The results tend to suggest that labour supply, economic structure, price instability and human capital are major determining factors. Pro-employment growth in India may require measures like diversification of economic activities towards labour-intensive sectors, price stability, skill-based education and adoption of labour-intensive technology. JEL Classification: J21, J23

Keywords: Employment intensity of growth; Economic structure; Human capital; Labour supply; Inflation (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:mareco:v:8:y:2014:i:2:p:137-154

DOI: 10.1177/0973801013519997

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