Chapter

Analytics of Migration and Growth

K. Pushpangadan

in Growth, Development, and Diversity

Published in print June 2012 | ISBN: 9780198077992
Published online September 2012 | e-ISBN: 9780199081608 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198077992.003.0001
Analytics of Migration and Growth

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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

Chapter.  5480 words.  Illustrated.

Subjects: Economic Development and Growth

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