Institutionalist versus distortionist views of labor market reforms: An investigation into the post-liberalized manufacturing sector in India
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| Natura: | Artículo científico |
| Lingua: | en |
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Universidad ESAN
2016
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| _version_ | 1876470360880185344 |
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| author | Anup Kumar Bhandari |
| author_facet | Anup Kumar Bhandari |
| contents | Institutionalist versus distortionist views of labor market reforms: An investigation into the post-liberalized manufacturing sector in India Anup Kumar Bhandari Arun Sudarsan Multidisciplinarias (Ciencias Sociales) L6 K31 O14 Formal sector Liberalization Labor regulation and employment relation has been investigated in India in light of the seminal work of Besley and Burgess (2004), considering formal sector manufacturing employment as the explained vari- able. Empirical findings support, although not very strongly, the institutionalist view, i.e., pro-worker amendment in labour laws induces employment. Among the other factors, real wage rate has significant negative effect on employment, whereas that for real per capita developmental capital expenditure, per capita electricity generation capacity and real per capita net state domestic product is significant positive. However, effect of per capita real developmental revenue expenditure is inconclusive. In other words, although it improves employability of workers through their human capital improvement, which is prob- ably met up at the cost of worsening overall infrastructural development, through reducing corresponding capital expenditure! Supporting evidence has also been provided favoring this conjecture. 2016 artículo científico 2077-1886 https://www.redalyc.org/articulo.oa?id=360748513004 https://www.redalyc.org/journal/3607/360748513004/ https://www.redalyc.org/journal/3607/360748513004/html/ https://www.redalyc.org/journal/3607/360748513004/360748513004.epub https://www.redalyc.org/journal/3607/360748513004/movil en http://www.redalyc.org/revista.oa?id=3607 Journal of Economics, Finance and Administrative Science application/pdf Universidad ESAN Journal of Economics, Finance and Administrative Science (Perú) Num.41 Vol.21 |
| format | Artículo científico |
| id | redalyc_360748513004 |
| institution | Redalyc |
| language | en |
| publishDate | 2016 |
| publisher | Universidad ESAN |
| spellingShingle | Institutionalist versus distortionist views of labor market reforms: An investigation into the post-liberalized manufacturing sector in India Anup Kumar Bhandari Multidisciplinarias (Ciencias Sociales) L6 K31 O14 Formal sector Liberalization Institutionalist versus distortionist views of labor market reforms: An investigation into the post-liberalized manufacturing sector in India Anup Kumar Bhandari Arun Sudarsan Multidisciplinarias (Ciencias Sociales) L6 K31 O14 Formal sector Liberalization Labor regulation and employment relation has been investigated in India in light of the seminal work of Besley and Burgess (2004), considering formal sector manufacturing employment as the explained vari- able. Empirical findings support, although not very strongly, the institutionalist view, i.e., pro-worker amendment in labour laws induces employment. Among the other factors, real wage rate has significant negative effect on employment, whereas that for real per capita developmental capital expenditure, per capita electricity generation capacity and real per capita net state domestic product is significant positive. However, effect of per capita real developmental revenue expenditure is inconclusive. In other words, although it improves employability of workers through their human capital improvement, which is prob- ably met up at the cost of worsening overall infrastructural development, through reducing corresponding capital expenditure! Supporting evidence has also been provided favoring this conjecture. 2016 artículo científico 2077-1886 https://www.redalyc.org/articulo.oa?id=360748513004 https://www.redalyc.org/journal/3607/360748513004/ https://www.redalyc.org/journal/3607/360748513004/html/ https://www.redalyc.org/journal/3607/360748513004/360748513004.epub https://www.redalyc.org/journal/3607/360748513004/movil en http://www.redalyc.org/revista.oa?id=3607 Journal of Economics, Finance and Administrative Science application/pdf Universidad ESAN Journal of Economics, Finance and Administrative Science (Perú) Num.41 Vol.21 |
| title | Institutionalist versus distortionist views of labor market reforms: An investigation into the post-liberalized manufacturing sector in India |
| topic | Multidisciplinarias (Ciencias Sociales) L6 K31 O14 Formal sector Liberalization |
| url | https://www.redalyc.org/articulo.oa?id=360748513004 https://www.redalyc.org/journal/3607/360748513004/ https://www.redalyc.org/journal/3607/360748513004/html/ https://www.redalyc.org/journal/3607/360748513004/360748513004.epub https://www.redalyc.org/journal/3607/360748513004/movil |