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DTSTART:20231102T020000
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BEGIN:VEVENT
DESCRIPTION:Trade\, Development\, and Political Economy Present: Structural
Transformation and the Rural-Urban Divide by Amartya LahiriSpeaker: Amart
yaLahiri(University of British Columbia)Authors: ViktoriaHnatkovskaand Ama
rtyaLahiriAbstract: Development of an economy typically goes hand-in-hand
with a declining importance of agriculture in output and employment. Given
the primarily rural population in developing countries and their concentr
ation in agrarian activities\, this has potentially large implications for
inequality along the development path. The authors examine the Indian exp
erience between 1983 and 2010\, a period when India has been undergoing su
ch a transformation. They find a significant decline in the wage differenc
es between individuals in rural and urban India during this period. Howeve
r\, individual characteristics such as education\, occupation choices and
migration account for at most 40 percent of the wage convergence. The auth
ors use a two-sector model of structural transformation to rationalize the
rest of the rural-urban convergence in India as the consequence of two fa
ctors: (i) differential sectoralincome elasticitiesof demand along with pr
oductivity growth\; and (ii) higher labor supply growth in urban areas. Qu
antitative results suggest that the model can account for 70 percent of th
e unexplained wage convergence between rural and urban areas.Short Bio:Ama
rtyaLahiriis the Royal Bank Faculty Research Professor of Economics and ho
lds the JohalChair of Indian Research at the University of British Columbi
a. His research interests are in International Economics and Macroeconomic
s. His work has been published in top general-interest and field journals
such as the Journal of Political Economy\, Economic Journal\, Journal of M
onetary Economicsand the Journal of International Economics.Monday\, Octob
er 7\, 20134:00 pm341 Eggers Hall
DTEND:20131007T210000Z
DTSTAMP:20240328T221617Z
DTSTART:20131007T200000Z
LOCATION:
SEQUENCE:0
SUMMARY:Trade\, Development\, and Political Economy Present: Structural Tra
nsformation and the Rural-Urban Divide
UID:RFCALITEM638472465779161671
X-ALT-DESC;FMTTYPE=text/html:Trade\, Development\, and Political Economy Pr
esent: Structural Transformation and the Rural-Urban Divide by Amartya Lah
iri
Speaker: AmartyaLahiri
(University of British Columbia)
A
uthors: ViktoriaHnatkovskaand AmartyaLahiri
Abstract: Development o
f an economy typically goes hand-in-hand with a declining importance of ag
riculture in output and employment. Given the primarily rural population i
n developing countries and their concentration in agrarian activities\, th
is has potentially large implications for inequality along the development
path. The authors examine the Indian experience between 1983 and 2010\, a
period when India has been undergoing such a transformation. They find a
significant decline in the wage differences between individuals in rural a
nd urban India during this period. However\, individual characteristics su
ch as education\, occupation choices and migration account for at most 40
percent of the wage convergence. The authors use a two-sector model of str
uctural transformation to rationalize the rest of the rural-urban converge
nce in India as the consequence of two factors: (i) differential sectorali
ncome elasticitiesof demand along with productivity growth\; and (ii) high
er labor supply growth in urban areas. Quantitative results suggest that t
he model can account for 70 percent of the unexplained wage convergence be
tween rural and urban areas.
Short Bio:AmartyaLahiriis the Royal Ba
nk Faculty Research Professor of Economics and holds the JohalChair of Ind
ian Research at the University of British Columbia. His research interests
are in International Economics and Macroeconomics. His work has been publ
ished in top general-interest and field journals such as the Journal of Po
litical Economy\, Economic Journal\, Journal of Monetary Economicsand the
Journal of International Economics.
Monday\, October 7\, 2013
4:
00 pm
341 Eggers Hall
END:VEVENT
END:VCALENDAR