Hydropower-Led Economic Growth in Bhutan

Development of Industry-Level Productivity Account, 1990–2022

Koji Nomura (Autor)

Buch | Hardcover

237 Seiten

2025
Springer Nature Switzerland AG (Verlag)
978-981-96-5149-8 (ISBN)

Titel nicht im Sortiment

Artikel merken

This book provides a comprehensive analysis of Bhutan’s economic growth and productivity dynamics from 1990 to 2022, with a special focus on hydropower development. Through the construction of detailed industry-level productivity accounts, the study addresses significant data gaps in Bhutan’s national accounts, measuring outputs and inputs across various sectors and developing quality-adjusted labor and capital input series. The analysis reveals the complexities of Bhutan’s hydropower-led growth strategy: while the sector has driven substantial economic growth, its contribution to overall productivity improvement has been limited. The electricity sector shows gains in labor productivity but declining capital productivity, resulting in stagnant Total Factor Productivity (TFP). The study also examines productivity trends in non-electricity sectors and addresses potential “Dutch disease” effects on manufacturing and agricultural competitiveness. International comparisons place Bhutan’s productivity performance in a regional context, revealing significant gaps in productivity performance, particularly when compared to India, Bhutan’s largest trading partner and a regional economic benchmark. This comparative analysis informs policy recommendations for achieving more balanced and sustainable economic growth. The findings are particularly relevant for Bhutan’s Thirteenth Five-Year Plan (2024–2029), which emphasizes productivity improvements across all economic sectors. The book serves as a valuable resource for policymakers, economists, and researchers interested in development economics, particularly those focused on the unique challenges faced by small, landlocked nations pursuing sustainable economic development.

Koji Nomura is a Professor and Director at the Keio Economic Observatory, Keio University, Tokyo. Nomura received a BA in 1993, an MA in 1995, and a Ph.D. in 2005 from Keio University. He has previously served as an assistant professor (1996–2003) and associate professor (2003–2017) at Keio University; a CBG fellow at the JFK School of Government, Harvard University (2003–2005); an economist at the OECD (2006–2007); a faculty fellow at the Research Institute of Economy, Trade, and Industry (2013–2019); a consultant for the United Nations Department of Economic and Social Affairs (2015–2016); and chief research officer at The 21st Century Public Policy Institute, Keidanren (2019–2020). He is currently a visiting fellow at the Economic Social Research Institute, Cabinet Office, Government of Japan (2005–2008 and 2012–present); a project manager for the APO Productivity Database at the Asian Productivity Organization (2007–present); a visiting senior fellow at the Research Institute of Capital Formation, Development Bank of Japan (2009–present); and a consultant for the United Nations Economic and Social Commission for Asia and the Pacific (2024–present). His research focuses on economic measurement, productivity analysis, and energy economics. He is the author of Measurement of Capital and Productivity in Japan (in Japanese, Keio University Press, 2004), APO Productivity Databook (Asian Productivity Organization, annual publication from 2008 to 2024), Energy Productivity in Japan’s Economic Growth: Exploring Possibilities for Balancing Economy and Environment (in Japanese, Keio University Press, 2021), and Energy Productivity and Economic Growth: Experiences of the Japanese Industries, 1955–2019 (Springer, 2023).

Bhutan’s Hydropower-Led Economic Growth.- Bhutan’s Aggregate Output: A Review.- Reevaluating Industry Origins of Bhutan’s Economic Growth.- Labor Input and Quality Evolution in Bhutan.- Measuring Capital Accumulation in Bhutan.- Bhutan’s Productivity Stagnation: Hydropower and Beyond.

Erscheinungsdatum	07.06.2025
Reihe/Serie	Contemporary South Asian Studies
Zusatzinfo	108 Illustrations, color; 5 Illustrations, black and white
Verlagsort	Cham
Sprache	englisch
Maße	155 x 235 mm
Themenwelt	Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
	Technik ► Elektrotechnik / Energietechnik
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
Schlagworte	Bhutan economic growth and productivity analysis • Capital accumulation in Bhutan's hydropower sector • Diversification beyond hydropower in Bhutan • Economic competitiveness of Bhutan vs India • Economic transition in Bhutan post-democratization • Hydropower development impact on Bhutan's economic growth • Industry-level productivity measurement in Bhutan • Labor and capital productivity in Bhutan and South Asia • Long-term sustainability of hydropower-led growth • Productivity challenges in Bhutan's non-electricity sectors • Quality-adjusted labor input measurement in Bhutan • Total factor productivity in Bhutan and South Asia
ISBN-10	981-96-5149-2 / 9819651492
ISBN-13	978-981-96-5149-8 / 9789819651498
Zustand	Neuware