Resource Misallocation in India: The Role of Cross-State Labor Market Reform

Resource Misallocation in India: The Role of Cross-State Labor Market Reform
Author: Mr.Adil Mohommad
Publisher: International Monetary Fund
Total Pages: 34
Release: 2021-02-26
Genre: Business & Economics
ISBN: 1513570676

At the macro level, productivity is driven by technology and the efficiency of resource allocation, as outcomes of firms’ decision making. The relatively high level of resource misallocation in India’s formal manufacturing sector is well documented. We build on this research to further investigate the drivers of misallocation, exploiting micro-level variation across Indian states. We find that states with less rigid labor markets have lesser misallocation. We also examine the interaction of labor market rigidities with informality which is a key feature of India’s labor markets. Our results suggest that reducing labor market rigidities in states with high informality has a net positive effect on aggregate productivity.

The Rate and Direction of Inventive Activity

The Rate and Direction of Inventive Activity
Author: National Bureau of Economic Research
Publisher: Princeton University Press
Total Pages: 647
Release: 2015-12-08
Genre: Political Science
ISBN: 1400879760

The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in specific industrial laboratories. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Public Expenditure Handbook

Public Expenditure Handbook
Author: Mr.Ke-young Chu
Publisher: International Monetary Fund
Total Pages: 196
Release: 1991-09-15
Genre: Business & Economics
ISBN: 9781557752222

This handbook, edited by Ke-young Chu and Richard Hemming, offers guidance to officials formulating public policy recommendations, so that the aggregate level of public spending conforms with the economy's overall resource capacity. The handbook looks at the impact of public spending on the efficiency of resource use and explores the basis for distinguishing between productive and unproductive spending.

Comparative Resource Allocation

Comparative Resource Allocation
Author: Alexander J. Groth
Publisher: SAGE Publications, Incorporated
Total Pages: 294
Release: 1984-10
Genre: Business & Economics
ISBN:

How a nation's resources are allocated -- who gets what and why -- is inextricably linked to the politics and political system of that nation. The distribution of such resources has undeniable consequences for national social welfare. Taking a comparative approach to analyzing such issues as industrial performance, quality of life, and national security, the contributors to this volume examine the resource allocation processes of a wide range of nation-states.

Managing Government Compensation and Employment - Institutions, Policies, and Reform Challenges

Managing Government Compensation and Employment - Institutions, Policies, and Reform Challenges
Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
Total Pages: 99
Release: 2016-08-04
Genre: Business & Economics
ISBN: 1498345778

Government compensation and employment policies are important for the efficient delivery of public services which are crucial for the functioning of economies and the general prosperity of societies. On average, spending on the wage bill absorbs around one-fifth of total spending. Cross-country variation in wage spending reflects, in part, national choices about the government’s role in priority sectors, as well as variations in the level of economic development and resource constraints.

When Public Sector Workers Unionize

When Public Sector Workers Unionize
Author: Richard B. Freeman
Publisher: University of Chicago Press
Total Pages: 444
Release: 2007-12-01
Genre: Business & Economics
ISBN: 0226261832

In the 1980s, public sector unionism has become the most vibrant component of the American labor movement. What does this new "look" of organized labor mean for the economy? Do labor-management relations in the public sector mirror patterns in the private, or do they introduce a novel paradigm onto the labor scene? What can the private sector learn from the success of collective bargaining in the public? Contributors to When Public Sector Workers Unionize—which was developed from the NBER's program on labor studies—examine these and other questions using newly collected data on public sector labor laws, labor relations practices of state and local governments, and labor market outcomes. Topics considered include the role, effect, and evolution of public sector labor law and the effects that public sector bargaining has on both wage and nonwage issues. Several themes emerge from the studies in this volume. Most important, public sector labor law has a strong and pervasive effect on bargaining and on wage and employment outcomes in public sector labor markets. Also, public sector unionism affects the economy in ways that are different from, and in many cases opposite to, the ways private sector unionism does, appearing to stimulate rather than reduce employment, reducing rather than increasing layoff rates, and developing innovate ways to settle labor disputes such as compulsory interest arbitration instead of strikes and lockouts found in the private sector.

Handbook of Fiscal Policy

Handbook of Fiscal Policy
Author: Jack Rabin
Publisher: CRC Press
Total Pages: 824
Release: 2001-12-19
Genre: Political Science
ISBN: 9780824707736

Providing forty articles written by experts, this book explores the development of government spending and revenue policymaking, the legacy of John Maynard Keynes, taxes and tax policies, government budgeting and accounting, and government debt management. Topics include the implications of the federal balanced budget amendment, factors that affect implementation of fiscal policies, the relationship between tax assessment and economic prosperity, and debt management strategies by government institutions. It covers the role of government in formulating economic policies for growth and full employment and reviews issues associated with the implementation of fiscal policies.