Open AccessEmployment Aspects of Industrial Growth in West Pakistan
Author(s) -
Ishrat Husain
Publication year - 1974
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v13i2pp.211-221
Subject(s) - economics , productivity , manufacturing sector , labour economics , annual growth % , demographic economics , agricultural economics , economic growth
Employment has been one of the major explicit objectives ofall develop¬ment plans in Pakistan. The Third Five Year Plan estimated[3] that at least 255,000 additional employment opportunities would becreated in West Pakistan in large-scale manufacturing sector. Althoughcomplete reliance on the date reported about employment in the C.M.I, isnot recommended, the orders of magnitude can easily be seen. It appearsfrom the statistics available that employment in this sector hasincreased by approximately 90,000-100,000 only during these eight years.The average annual rate of growth of employment between 1954-1959/60 was16.8%, slightly higher than 15.6% annual rate of output growth but thisrate declined to 3.1 % between 1959/60 and 1967/68 while output atfactor cost rose by about 11.4%. The output elasticity of demand forlabour thus works out to be 0.27 for this period. Implicit in thesegrowth rates is the fact that labour productivity was increasing at anaverage of 8 % per year.