URL:
https://www.worldklems.net/conferences/worldklems2022/paper_Mazumder.pdf
Authors:
Saurabh Ghosh
RBI
Pawan Gopalakrishnan
RBI
Debojyoti Mazumder
RBI
Published:
Working Paper
JEL Codes:
JEL code(s) not specified.
Versions:
● COVID Scarring and Sustainable Recovery Challenges: A Production Function Approach
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We use the India KLEMS database to classify industries into four sub-sectors based on their energyand labour intensities. To estimate the heterogeneous scarring effects due to the pandemic we use a model-generated output assuming away the pandemic effects as a counterfactual and compare it with projected growth paths from a hybrid dataset. Our findings suggest that scarring was least in green industries. Furthermore, our empirical findings indicate that these sectors are intertwined with technological dependence on the brown industries. This may result in short-run transition costs while adapting to sustainable methods of production. Therefore, the adoption of greener technology and a path towards more sustainable and equitable growth will necessitate calibrated policy interventions tuned to the diverse requirements of all sub-sectors.

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