Deb Kusum Das (editor) - Productivity Dynamics in Emerging and Industrialized Countries

The world, of late, has seen a productivity slowdown. Many countries continue to recover from various shocks in the macro business environment, along with structural changes and inward looking policies. In contemporary times of growth slumps, various exits and protectionist regimes, this book engages with the study of productivity dynamics in the emerging and industrialized economies. The essays address the crucial aspects, such as the roles of human capital, investment accounting and datasets, that help understanding of productivity performance of global economy and its several regions.

This book will be of interest to academics, practitioners and professionals in the field of economic growth, productivity and development studies. This will also be an important reference on empirical industrial economics in both India and the world.

Deb Kusum Das teaches at Ramjas College, University of Delhi. His research fields are productivity and growth in India, jobs and labor market, and empirical international trade. He received the EXIM Bank IEDRA Award 2004 for his doctoral dissertation, Some Aspects of Productivity and Trade in Indian Industry. He holds a PhD from Delhi School of Economics and has studied at Delhi School of Economics and St Xaviers College, Kolkata. He is the co-founder of South Asia Economics Students Meet a platform for undergraduate economics students of South Asia. He is also associated with ICRIER (Delhi) as an external researcher.

This book represents a major contribution in enhancing our understanding of productivity trends across the globe. It combines general methodology and trends in aggregate growth worldwide with detailed analysis for specific regions and countries. Therefore, readers can trace the reasons for differential productivity growth and can contrast areas that witnessed rapid growth with those where the trends were more muted. This is a must-read for anyone interested in understanding growth and productivity in both emerging and industrialized economies.

Mary OMahony, Kings College London, UK

More than ever, productivity is a leading topic on the analytical and policy agenda. The reason is simple: productivity growth and innovation shape the material well-being of economies and people. This book, with contributions from leading scholars, draws a broad picture of productivity dynamics and their determinants across the continents. An excellent reference for academics and practitioners alike!

Paul Schreyer, OECD Paris, France

The papers collected in this volume are in honor of Professor K. L. Krishna, one of Indias leading scholars in the field of development. Together they provide a broad outlook on economic growth and its determinants using state-of-the-art measurement frameworks. They cover a wide set of regions across the globe allowing for deep comparative analysis, with a special emphasis on India. The studies provide a valuable reference for practitioners and scholars interested in the sources of growth.

Marcel P. Timmer, Groningen University, Netherlands

Edited by Deb Kusum Das

First published 2018

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2018 selection and editorial matter, Deb Kusum Das; individual chapters, the contributors

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ISBN: 978-1-138-74550-6 (hbk)

ISBN: 978-1-351-00254-7 (ebk)

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Essays for Professor K. L. Krishna

Professor K. L. Krishna, addressed often by friends and students as KLK, studied at the University of Chicago and pursued his doctoral dissertation on Production Relations in Manufacturing under Professor Zvi Grilliches. He taught at the Delhi School of Economics for over four decades and many generations of students have benefitted from his classes on applied research and econometrics. The list of his meritorious students include many of Indias economists and policymakers. He supervised close to 40 research scholars for PhD and MPhil on many aspects of Indian economy, particularly economics of productivity, empirics of trade and industrial economics. In addition, he has guided students from different institutions from various corners of India by reading and commenting on their dissertations. Research scholars have gained from his inputs particularly in the areas of applied econometrics.

His expertise has been utilized by the Government of India in many committees which he chaired: Steering Committee for Annual Survey of Industries, 199899, 19992000; National Advisory Board on Statistics, 199094; Standing Committee on Industrial Statistics and as chairman of NSS 81st round. He also served as the President of the Indian Econometric Society in 1991. He has been a guiding spirit in development and growth of many prestigious research institutes in India like the Madras Institute of Development Studies (MIDS), Indira Gandhi Institute of Development Research (IGIDR), Institute of Economic Growth (IEG) and Centre for Economic and Social Studies (CESS).

After retirement from Delhi School of Economics, with zeal akin to that of a young scholar, Professor Krishna has been providing leadership to the INDIA KLEMS research project which aims to create a productivity database by industry and can be used to analyze Indias industrial competitiveness in global markets. This book was conceived to celebrate his 80th birthday in 2015 as well as his leadership in creating the INDIA KLEMS database. At 83, when most prefer to walk into the sunset of their careers, he still remains young and enthusiastic to the challenges of research.