000			01471nam a2200169 4500
999			_c510118 _d510118
008			190724b ||||| |||| 00| 0 eng d
100			_aBairagi, Subir _97392
245			_aIs Bangladesh's economy approaching the Lewis turning point?
260			_c2019
300			_ap.19-45.
520			_aDuring the last decade, Bangladesh economy grew consistently over 6 per cent annually; however, growth rate in the agriculture sector declined. Labour away from agriculture is evident; it is also evident real wages in the agriculture sector are rising. This could be an indication that Bangladesh is moving to a different stage of economic development. This article investigates whether Bangladesh is approaching a stage of economic development where marginal productivity of labour equals its price, called the Lewis turning point (LTP). We find that the reallocation of labour away from agriculture has had a positive but insignificant impact on economic growth in Bangladesh. We also find that the surplus agricultural labour has not fully been absorbed by the economy. Therefore, we conclude Bangladesh has yet to reach the LTP and suggest initiating policies (e.g., job creation in the service sector) that might speed up the country’s movement to the LTP. - Reproduced.
650			_aLabour productivity - Bangladesh _97393
700			_aKamal, Muntaseer _97387
773			_aSouth Asia Economic Journal
906			_aEconomic growth - Bangladesh
942			_2ddc _cAR