The Nexus Among Employment, Productivity and Trade Openness: Evidence from BRICS and Indonesia

Ridhwan, Masagus M. and Rath, Badri Narayan (2020) The Nexus Among Employment, Productivity and Trade Openness: Evidence from BRICS and Indonesia. Buletin Ekonomi Moneter dan Perbankan, 23 (4). pp. 463-484. ISSN 1410-8046

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Abstract

This paper investigates the nexus among employment, labor productivity and trade openness in Brazil, Russia, India, China, South Africa (BRICS), and Indonesia using annual data (1991-2018). The results suggest a long-run relationship among the variables but only in the agricultural sector of these economies. We also find a unidirectional causality running from employment to productivity in only the agricultural sector. Similarly, trade openness also Granger causes employment. Our final result indicates that trade openness positively influences labor productivity in the long-run. From a policy perspective, it is imperative for BRICS and Indonesia to target employment generation by promoting trade openness.

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IITH Creators:
IITH CreatorsORCiD
Rath, Badri Narayanhttp://orcid.org/0000-0001-7211-0952
Item Type: Article
Uncontrolled Keywords: BRICS,Indonesia,Labor productivity, Panel cointegration, Sectoral change,Trade openness
Subjects: Social sciences
Social sciences > Political Science & Economics
Social sciences > Social Services
Arts > Liberal arts
Divisions: Department of Liberal Arts
Depositing User: . LibTrainee 2021
Date Deposited: 30 Mar 2021 04:10
Last Modified: 30 Mar 2021 04:10
URI: http://raiith.iith.ac.in/id/eprint/7735
Publisher URL: http://doi.org/10.21098/BEMP.V23I4.1363
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