ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Economic Reform, Output and Employment Growth in Manufacturing Testing Kaldor's Hypotheses

The basic object of this paper is to explore what role manufacturing output growth has had on overall economic growth and on employment growth in manufacturing industries in India in the pre- and post-deregulation phases of the country. In the 1960s Kaldor put forward certain hypotheses linking growth of output, employment and productivity in the manufacturing sector. Testing those hypotheses with Indian data may illuminate the nature of the growth process in Indian manufacturing. In particular, they may shed new light on differences in regional patterns of growth in India over the period 1970-71 to 2002-03. The paper focuses on two states, namely, West Bengal and Gujarat, experiencing different types of growth.

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