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Service Sector in India's Development [Kietas viršelis]

(WTO Appellate Body, Geneva)
  • Formatas: Hardback, 312 pages, aukštis x plotis x storis: 233x157x24 mm, weight: 560 g, 111 Tables, unspecified; 19 Line drawings, unspecified
  • Išleidimo metai: 28-May-2012
  • Leidėjas: Cambridge University Press
  • ISBN-10: 1107019893
  • ISBN-13: 9781107019898
Kitos knygos pagal šią temą:
Service Sector in India's DevelopmentDidesnis paveikslėlis
  • Formatas: Hardback, 312 pages, aukštis x plotis x storis: 233x157x24 mm, weight: 560 g, 111 Tables, unspecified; 19 Line drawings, unspecified
  • Išleidimo metai: 28-May-2012
  • Leidėjas: Cambridge University Press
  • ISBN-10: 1107019893
  • ISBN-13: 9781107019898
Kitos knygos pagal šią temą:
Pastovi nuoroda: https://www.kriso.lt/db/9781107019898.html
Raktažodžiai:
A striking aspect of India's recent growth has been the dynamism of its services sector. In 2010, it accounted for 57 percent of the country's GDP and 25 percent of its total employment. The results do not conform to the growth experience of currently industrialized countries or other developing economies. Is the increasing share of the service sector in India's total output simply notional, as several activities that were earlier classified in the industrial sector are now subsumed in services' value added, or because the relative price of services has increased over time? No. The sector's growth is real – it is linked to household final demand, policy reforms, and increased service exports. Is this service-led growth process sustainable? That remains an open question because the service sector is highly heterogeneous, ranging from software services and business process outsourcing to wholesale and retail trade and personal services. These subsectors vary considerably in the context of different economic characteristics that are important for development.

This book analyzes the Indian service sector's heterogeneity. Unlike the few other books in the area, this analysis uses hitherto unutilized data bases, more rigorous methods, and examines some unexplored questions.

Recenzijos

'Gaurav Nayyar's book is an invaluable resource for anyone interested in the services sector, especially its role in Indian economic development.' Timothy Besley, London School of Economics 'Gaurav Nayyar's book is a must-read for anyone trying to understand why India's service sector has grown so quickly and why India's development has not followed the classical path from primary to secondary and then to the tertiary sector. It's very well researched and raises as many questions as it answers - and more importantly disaggregates a black box in illuminating detail.' Ajay Chhibber, Assistant Secretary General, UNDP 'Services are the most dynamic sector in many economies including India's - where they account for half of GDP - yet they have received far less attention than industry or agriculture. This penetrating book fills an important gap by explaining the role that the service sector does and can play in economic development, both in India and more generally.' John Knight, University of Oxford 'I highly recommend this book as it makes an original and important contribution to the theory of structural change and economic development as well as to international economics. It will also have a significant impact on economic policy in the real world.' Ajit Singh, University of Cambridge 'Based on a study of the exceptional Indian experience, Gaurav Nayyar's book is a major work to advance our understanding of services-led growth with results that can be widely generalized. I highly recommend this book for its very lucid, insightful, and deep analysis of many interrelated developments, which have the potential to transform the socioeconomic profile of most developing countries in the coming years.' Harsha V. Singh, Deputy Director-General, World Trade Organization

Daugiau informacijos

This book analyzes the Indian service sector's heterogeneity.
List of Figures x
List of Tables xi
Preface xv
1 Introduction 1(21)
1.1 The Services Sector: Structural Change in Economies
1(4)
1.2 The Services Sector in India: Patterns of Structural Change
5(11)
1.3 Outline
16(6)
2 Services: Concepts, Measurement and India's National Accounts 22(17)
2.1 Introduction
22(1)
2.2 Services: A Definition
23(1)
2.3 Characteristics Distinguishing Services from Goods
24(3)
2.4 Output of the Services Sector: Issues of Measurement
27(2)
2.5 National Income Accounting
29(1)
2.6 India's National Accounts Statistics: Some Basic Definitions
30(2)
2.7 India's National Accounts Statistics: Estimating Output of the Services Sector
32(4)
2.8 India's National Accounts Statistics: Limitations of Services-Sector Data
36(2)
2.9 Conclusion
38(1)
3 Explaining the Growth of India's Services Sector 39(26)
3.1 Introduction
39(1)
3.2 Notional or Real?
40(7)
3.3 Real Factors: Supply and Demand
47(11)
3.4 Combining the Different Elements
58(6)
3.5 Conclusion
64(1)
4 The Demand for Services in India: A Mirror Image of Engel's Law for Food? 65(27)
4.1 Introduction
65(2)
4.2 Engel Curves
67(1)
4.3 Data
68(5)
4.4 Estimation of Engel Curves: Econometric Analysis
73(3)
4.5 Results
76(5)
4.6 Robustness Checks
81(4)
4.7 Changes over Time
85(4)
4.8 Conclusion
89(3)
5 The Services Sector in India: Inside the Black Box 92(54)
5.1 Introduction
92(2)
5.2 A Brief Description of the Different Services Sectors
94(4)
5.3 Methodology for Developing a Taxonomy of the Services Sector in India
98(4)
5.4 The Taxonomy
102(35)
5.5 Implications
137(8)
5.6 Conclusion
145(1)
6 The Nature of Employment in India's Services Sector: Educational Requirements and Quality 146(35)
6.1 Introduction
146(2)
6.2 Nature of Employment: The Chosen Attributes
148(3)
6.3 Data
151(2)
6.4 Descriptive Statistics
153(5)
6.5 Notation and Description of Variables
158(1)
6.6 Educational Requirements
158(4)
6.7 Wages or Earnings
162(6)
6.8 Job Contracts and Social Security Benefits
168(3)
6.9 Endogeneity and Selectivity Bias
171(2)
6.10 Conclusion
173(8)
7 Labour Productivity in India's Urban Informal Services Sector: A Comparison with Agriculture 181(23)
7.1 Introduction
181(2)
7.2 The Literature on Dual-Economy Models
183(1)
7.3 Analytical Framework: A Modified Harris-Todaro Model
184(3)
7.4 Empirical Puzzle?
187(2)
7.5 Infrastructure and Labour Productivity: Empirical Analysis
189(5)
7.6 Modified Harris-Todaro Model: Equilibrium Revisited
194(2)
7.7 Reconciling the Data with the Modified Harris-Todaro Model: 'Dornbusch' Overshooting?
196(5)
7.8 Conclusion
201(3)
8 Conclusion 204(17)
8.1 Conclusions and Policy Implications
205(12)
8.2 Future Research
217(4)
Appendices 221(56)
Bibliography 277(14)
Index 291
Gaurav Nayyar is an Economist in the Economic Research Division of the World Trade Organization, Geneva, Switzerland. Previously, he was a College Lecturer at St Catherine's College, University of Oxford. He obtained a D.Phil. in Economics from the University of Oxford, where he was a Dorothy Hodgkin Scholar. Dr Nayyar's research interests lie primarily in the area of development economics, and he has published in academic journals on issues relating to the service sector, economic growth and poverty reduction. He was a co-author of the 2010 World Trade Report Trade on Natural Resources and the 2011 World Trade Report on Preferential Trade Agreements.