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Growth, Development, and DiversityIndia's Record since Liberalization$
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K. Pushpangadan and V.N. Balasubramanyam

Print publication date: 2012

Print ISBN-13: 9780198077992

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780198077992.001.0001

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Analytics of Migration and Growth

Analytics of Migration and Growth

Exploring Kerala’s Economic Performance

Chapter:
(p.5) 1 Analytics of Migration and Growth
Source:
Growth, Development, and Diversity
Author(s):

K. Pushpangadan

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198077992.003.0001

The chapter provides analytical reasons for the service-led growth of the regional economy of Kerala emanating from migration and demographic transition. In an economy facing a labour shortage for household activities, the households would demand more ‘goods-intensive’ commodities than ‘time-intensive’ commodities. The increased demand for such goods and services is provided usually by trade and/or by local production, depending on the profitability of the activity and the availability of entrepreneurial skills in the region. Historically, entrepreneurial skills in the region have been low, resulting in more trading activity whenever there is an increase in demand. This is the source of service-led growth in the region. The tertiary sector growth is then subjected to econometric analysis, block exogeneity test, for determining whether the source is from within (endogenous) or outside (exogenous) the economy. The results confirm that the major share of national income originates from services that are determined exogenously and attributable to remittances by international migration.

Keywords:   Kerala, migration, goods-intensive commodities, growth, time-intensive commodities, trade, block exogeneity, remittances, tertiary sector

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