Thursday, February 22
Fri
Sep
15

Growing Like India-The Unequal Effects of Service Led Growth

Speakers:

Michael PetersYale University

 
15
September,
2023
04:30 PM to 06:00 PM (IST)

Abstract:-
Structural transformation in most currently developing countries takes the form of a rapid rise in services but limited industrialization. In this paper, we propose a new methodology to structurally estimate productivity growth in service industries that cir- cumvents the notorious difficulties in measuring quality improvements. In our theory, the expansion of the service sector is both a consequence—due to income effects—and a cause—due to productivity growth—of the development process. We estimate the model using Indian household data. We find that productivity growth in nontradable consumer services such as retail, restaurants, or residential real estate was an important driver of structural transformation and rising living standards between 1987 and 2011. However, the welfare gains were heavily skewed toward high-income urban dwellers.

(joint work with Fabrizio Zilibotti and Tianyu Fan)

To register for this event please visit the following URL: https://us06web.zoom.us/meeting/register/tZEvcumrrDssGdWlHD9KWMxiCe7lc3dlbadO →

Date & Time

15-09-2023
04:30 PM
to 06:00 PM (IST)

Location

Anywhere

Event Type

IEG Seminar

Event Category

Past event

Speaker(s)

Michael Peters

Yale University

Moderator(s)

Oindrila De

Assistant Professor