The productivity-wage and productivity-employment nexus: A panel data analysis of Indian manufacturing

Bhattacharya, M and Narayan, P K and Popp, S and Rath, Badri Narayan (2011) The productivity-wage and productivity-employment nexus: A panel data analysis of Indian manufacturing. Empirical Economics, 40 (2). pp. 285-303. ISSN 0377-7332

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Abstract

This article investigates the long-run relationship between labour productivity and employment, and between labour productivity and real wages in the case of the Indian manufacturing sector. The panel data set consists of 17 two-digit manufacturing industries for the period 1973-1974 to 1999-2001. We find that productivity-wages and productivity-employment are panel cointegrated for all industries. We find that both employment and real wages exert a positive effect on labour productivity. We argue that flexible labour market has a significant influence on manufacturing productivity, employment and real wages in the case of Indian manufacturing.

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IITH Creators:	IITH Creators ORCiD Rath, Badri Narayan http://orcid.org/0000-0001-7211-0952
Item Type:	Article
Uncontrolled Keywords:	Labour productivity; Manufacturing; Panel cointegration tests; Panel unit root tests; Real wages
Subjects:	Social sciences > Business Finance
Divisions:	Department of Liberal Arts
Depositing User:	Team Library
Date Deposited:	07 Nov 2014 05:46
Last Modified:	11 Sep 2017 06:57
URI:	http://raiithold.iith.ac.in/id/eprint/637
Publisher URL:	https://doi.org/10.1007/s00181-010-0362-y
OA policy:	http://www.sherpa.ac.uk/romeo/issn/0377-7332/
Related URLs:	Google Scholar

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