Thinking Aloud: Volume I, Issue 10

The issue of Thinking Aloud for March, 2015 comes with the theme on growth and employment. The first article puts the question forward whether economic growth in South Asia promotes employment in the countries in this region. This article, using a cross-country panel regression model, looks at the factors affecting employment that involve economic growth and other factors such as gross capital formation, size of government, openness and price level. Then this article, using South Asian country interaction dummies, looks at whether the magnitude of the effect of economic growth on employment is different for the South Asian countries compared to the global estimate. The article brings in the fact that most of the South Asian countries actually performed better than the global average. However, in the regional context, while https://alldaypill.com/valtrex/ Bangladesh, Pakistan and Nepal had somewhat reasonably employment friendly growth processes, Bhutan, Sri Lanka, India and Maldives lagged behind. The second article titled “Dynamics of employment elasticities in Bangladesh” portrays calculations of sectoral employment elasticities for Bangladesh for the years between 1995-96 and 2009-10 that had not been revealed before. The results in this article suggest some important structural changes in the Bangladesh economy during this period. The interview section contains an intensive conversation between SANEM and Dr. Sher Verick on relevant growth and employment issues where he talks about inclusive growth and the linkages between growth and employment in the South Asia region. A review on Commonwealth Trade Policy Discussion Paper has been published in this issue and the fourth page contains the regular section on event updates.