Structural Change and Service Sector Growth in Haryana
Issue-10, vol 3, Research Review Journal of Multi Disciplinary, 2020
12 Pages Posted: 28 Apr 2020
Date Written: April 2, 2020
Structural change Involves emergence and expansion of new economic activities,new industries and transformation of economy leading to improvements in human capital skills. Structural change occurs when an economy changes the way it functions. The present paper aims to understand the process of structural change and service sector growth in Haryana. Shift share Analysis has been used for this analysis. The tool decomposes the aggregate productivity into two Effects 1) Within Effect 2) Between Effect. The research results show that Haryana has been experiencing movement of labour from low productivity sectors to high productivity sectors.
Keywords: Structural change, Shift share, Haryana, Within Effect, Between Effect, Service sector
JEL Classification: L81, L87, L8, L9
Suggested Citation: Suggested Citation