Understanding Labour Productivity Convergence: Empirical Evidence from South Asia

被引：1
作者：
Tahir Mahmood [1 ]
Kifayat Ullah [2 ]
Sareer Ahmad [3 ]
机构：
[1] A G. N. Kazi SBP Memorial Chair, Department of Economics, Karakoram International University, Gilgit
[2] University of Religions and Denominations, Qom
[3] School of Economics, Quaid-I-Azam University Islamabad, Islamabad
来源：
The Indian Journal of Labour Economics | 2024年 / 67卷 / 4期
关键词：
Emerging economies; Marginal productivity; South Asia; Sustainable growth;
D O I：
10.1007/s41027-024-00543-z
中图分类号：
学科分类号：
摘要：
A key metric for evaluating a nation's level of development and comparing per capita economic growth is labour productivity. The data used in this study, which focuses on South Asian nations like Bangladesh, India, Pakistan, and Sri Lanka, were collected between 1991 and 2018. Our analysis' findings paint a complex picture when looking at various industries, but there is not any conclusive evidence of convergence at the aggregate level, indicating that economies are not necessarily convergent overall. A more thorough sectoral examination, however, shows some intriguing trends. Convergence is evident in most economic sectors, suggesting that many industries are heading toward comparable productivity or income per worker levels. Notable convergence patterns can be seen in industries like business services, government services, utility services, trade services, and mining. This implies that economies or areas within these sectors are catching up to one another in terms of income levels or productivity. Nonetheless, the lack of convergence in other industries, such as services, transportation, construction, agriculture, and others, suggests that these sectors will continue to experience gaps or different paths. © The Author(s), under exclusive licence to Indian Society of Labour Economics 2024.
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页码：957 / 971
页数：14
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