ECO362H1 Chapter : bosworth and collins reading
Document Summary
Growth accounting overview: y land used in production function, but ignored in paper since it had minimal affects. (added to capital) India has low proportion of investment to capital and thus is unlikely able to continue to support high growth. India has been relatively very slow at increasing the education rate. It has however improved the literacy rate among young adults to 99% compared to 76% for india. India and china have had large gains in productivity compared to other asian countries, china especially so. In agriculture labour force decreased in china, but made up for output with investments to capital and labour productivity. India has a slower growth, but still substantial. Too many workers in agriculture, though, because population was growing faster than opportunities in other sectors. In industry both countries grew fast in first period and accelerated in second, china better in both. India s growth based more on employment growth while china more on productivity.
