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This paper unravels a cyclical pattern in the value of employment elasticity in organized manufacturing in India over the period 1976-2002. Four periods are distinguished: the ‘benign’ growth period of the late seventies; the period of ‘jobless growth’ of the first half of the eighties;...
Persistent link: https://www.econbiz.de/10009477111
[Extract] Many studies have appeared, in both English and Chinese, focusing on income distribution in rural China1. They point to a worsening trend since the late 1970s when China initiated economic reforms. Such a trend has serious implications for China's ability to maintain sustainable growth...
Persistent link: https://www.econbiz.de/10009476353