Labour Use and its Adjustment in Indian Manufacturing Industries
AbstractThis study provides an empirical investigation of the adjustment process of labour in Indian manufacturing industries, which evolved through structural transformation in the era of globalization. The analysis is based on a dynamic model applied to a panel of 22 two-digit manufacturing industries for the time period of 22 years covering 1980/1981 to 2001/2002. It is assumed that as competition increases industries adjust their employment to a desired level which is both industry and time specific. The results indicate that the manufacturing sector has shown a considerable dynamism in adjusting its workforce. The long-run labour demand responds greatest to the output, followed by capital and least by wages. It is observed that Indian manufacturing is not inefficient in labour use as modest speed of adjustment has led employment size closer to the optimal level.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Global Economic Review.
Volume (Year): 34 (2005)
Issue (Month): 3 ()
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Web page: http://www.tandfonline.com/RGER20
Other versions of this item:
- Bhandari, Amit Kumar & Heshmati, Almas, 2005. "Labour Use and Its Adjustment in Indian Manufacturing Industries," IZA Discussion Papers 1596, Institute for the Study of Labor (IZA).
- Heshmati, Almas & Bhandari, Amit K., 2005. "Labour use and its adjustment in Indian manufacturing industries," Discussion Papers 11855, MTT Agrifood Research Finland.
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
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