Dynamics of structural transformation in South Asia

P.V. Srinivasan ()
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P.V. Srinivasan: Evaluation Specialist, Asian Development Bank, 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines

Asia-Pacific Development Journal, 2013, vol. 20, issue 2, 53-88

Abstract: This paper contains an analysis of the pattern of growth and the structure of employment in various sectors of six South Asian economies (Bangladesh, Bhutan, India, Nepal, Pakistan and Sri Lanka); the trends in the technological capabilities of these countries are also examined, by characterizing the structure of their exports. It shows that although the level of sophistication is lower compared with East Asian economies, the distribution of exports in South Asian countries has shifted towards products that have a higher productivity index and are located “centrally” in product space, enabling production of several nearby goods. In terms of the summary measure of the proximity of the export basket to all currently unexploited products, high- value ones in particular, the potential for future export sophistication is seen to be the highest for India among the South Asian countries and lowest for Bhutan followed by Bangladesh. Going by the East Asian experience, the South Asian governments have an important role to play in transforming their industrial structures.

Keywords: Structural transformation; export sophistication; product space; productivity; international trade Model (search for similar items in EconPapers)
JEL-codes: F14 O20 O53 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:unt:jnapdj:v:20:y:2013:i:2:p:53-88

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