Demographic Dividend, Human & Knowledge Capital Management and Growth: An Endogenous Model-Based Approach
Article Sidebar
Main Article Content
Abstract: In this article, we try to establish a relation between a nation’s population and its growth with the GDP growth by means of endogenous growth theories and attempt to explain India growth by means various empirical studies. India’s growth associated with an increase in total factor productivity associated to have a relation with human capital and knowledge capital formation in India which is debatable. We have a very low gross enrolment ratio (GER), Education expenditure is very low for general education and it is even low for higher education. Our education system is not R&D based to a very large extent and skill development is also questionable. The government investment for R&D is low. The proper human resource management through upskilling human capital of the youth is vital through a PPP model. Macro synergy of innovation capital can be obtained only through firm level micro consistent innovation acts
Downloads
Downloads
References
Ahluwalia, Montek S. "The 1991 Reforms How Home-grown Were They?" EPW, July 16, 2016: 39-46.
Domar (1946), "Capital Expansion , Rate of Growth , and Employment", Econometrica, journal of the the Econometric Society, Vol 14 No 2, pp. 137–147Stable URL : https://www.jstor.org/stable/1905364.
Feder, G. (1983), "On exports and economic growth", Journal of Development Economics, Vol 12 No 1–2, pp. 59–73. doi: 10.1016/0304-3878(83)90031-7.
Griliches, Z. (1979), "Issues in Assessing the Contribution of Research and Development to Productivity Growth", The Bell Journal of Economics, Vol 10 No 1, pp. 92. doi: 10.2307/3003321.
Griliches, Z. (1988), "Productivity Puzzles and R&D: Another Nonexplanation", Journal of Economic Perspectives, Vol 2 No 4, pp. 9–21. doi: 10.1257/jep.2.4.9.
Grossman, G. and Helpman, E. (1990), "Trade, Knowledge Spillovers, and Growth", p. 17.
Gujarati, D. N. and Porter, D. C. (2013), "Basic Econometrics, McGraw-Hill Irwin. Jakob B Madsen, Shidhir Saxena,James B. Ang. "The Indian growth miracle and endogenous growth." Journal of Development economics, 2010: 37-48.
Jones, Charles I. Introduction to Economic Growth. Second Edition. Viva Books, 2015. Majumdar, Sumit K. "India's Recent growth miracle or Mirage ?" EPW, 2016: 65-68.
Malik, Eatzaz Ahmad and Aaisha. "Financial Sector Development and Economic growth: An Empirical Analysis of Developing Countries." Journal of Economic Cooperation and Development, 2009: 17-39.
Ministry of Finance, Government of India (2024)" India's path towards Viksit Bharat “Government of India Nayak, Pilin B. "Revisiting India's Growth and Development." EPW, August 20, 2016: 43-48.
Pulapre Balakrishnan, M Parameswaran. "Understanding Economic Growth in India, Further Observations." EPW, November 3, 2007: 117-119.
Pulapre Balakrishnan, M Parameswaran. "Understanding Economic Growth in India: A Prerequisite." EPW, July 14, 2007.
Romer, P. M. (1989), "Human capital and growth: Theory and evidence", Carnegie-Rochester Confer. Series on Public Policy. doi: 10.1016/0167-2231(90)90028-J.
Romer, P. M. (1990), "Human capital and growth: Theory and evidence", Carnegie-Rochester Confer. Series on Public Policy, 32(C), pp. 251–286. doi: 10.1016/0167-2231(90)90028-Sivasubrmonian, S. The Sources of Economic Growth In India 1950-1 To 1999-2000. Oxford University Press, 2004.
Steedman, Ian. "On ' Measuring' Knowledge in New(Endogenous) Growth Theory." 2001. Sunil, Mani. "Emergence of Indias as the world leader in Computer and Information Services." EPW, December 6, 2014: 51-61.
—. "Is India Becoming More innovative since 1991 Some Disquietiing features." EPW, November 14, 2009: 41-51.
This work is licensed under a Creative Commons Attribution 4.0 International License.
All articles published in our journal are licensed under CC-BY 4.0, which permits authors to retain copyright of their work. This license allows for unrestricted use, sharing, and reproduction of the articles, provided that proper credit is given to the original authors and the source.