Human Capital and the Changing Structure of the Indian Economy [electronic resource] / Amin, Mohammad
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TextPublication details: Washington, D.C., The World Bank, 2008Description: 1 online resource (34 p.)Subject(s): Agriculture | Development Economics | Development policy | E-Business | Econometric analysis | Economic Theory and Research | Economics Research | GDP | GDP per capita | Health, Nutrition and Population | Human Capital | Macroeconomics and Economic Growth | Population Policies | Poverty Reduction | Private Sector Development | Pro-Poor Growth | Productivity growth | Transport | Transport Economics, Policy and Planning | Value addedAdditional physical formats: Amin, Mohammad.: Human Capital and the Changing Structure of the Indian Economy.Online resources: Click here to access online Abstract: Using panel data for the fourteen major states of India over the 1980-2000 period, the authors estimate the effect of human capital endowment on the performance of the state economies. They find that greater availability of skilled workers had a positive and significant impact on output in the service sectors. They do not find any such effect for the manufacturing sectors. The paper shows that the differential effect on services and manufacturing arises because service sectors are more skill intensive.
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Using panel data for the fourteen major states of India over the 1980-2000 period, the authors estimate the effect of human capital endowment on the performance of the state economies. They find that greater availability of skilled workers had a positive and significant impact on output in the service sectors. They do not find any such effect for the manufacturing sectors. The paper shows that the differential effect on services and manufacturing arises because service sectors are more skill intensive.
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