Structural Change and Labour Productivity in BRICS

Sachin Mungase, Supriya Nikam and Satyanarayan Kothe

MPRA Paper from University Library of Munich, Germany

Abstract: The BRICS countries (Brazil, Russia, India, China, and South Africa) have seen varying GDP growth rates, averaging around 5 percent in the 1990s, rising to 8 percent in the 2000s, and about 5.5 percent from 2011 to 2020. Structural change and labour productivity are key for sustained economic growth, achieved by reallocating resources to more productive activities. This study analyses employment changes and labour productivity from 1990 to 2018, focusing on labour shifts from less productive to more productive sectors, inter-sectoral changes in output and employment patterns, and the impact of structural changes on labour productivity. Using the Economic Transformation Database (ETD) and methodologies from various researchers, the study highlights significant structural changes in China and India, while Russia, Brazil, and South Africa show minimal change. It underscores the need for policies promoting education, vocational training, and reducing trade barriers to enhance productivity and economic growth.

Keywords: BRICS Countries; GDP Growth Rates; Structural Change; Labour Productivity; Economic Growth; Resource Reallocation; Employment Patterns; Sectoral Shifts; Economic Transformation Database (ETD); Inter-Sectoral Changes; China Economic Growth; India Economic Growth; Russia Economic Growth; Brazil Economic Growth; South Africa Economic Growth; Education and Vocational Training; Trade Barriers; Policy Recommendations; Productivity Enhancement; 1990-2018 Economic Analysis (search for similar items in EconPapers)
JEL-codes: E00 E24 F62 J01 O11 O14 O4 O47 O57 (search for similar items in EconPapers)
Date: 2024-07-30
New Economics Papers: this item is included in nep-cis, nep-dev and nep-tid
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