LEADER 03978nam 22005895 450 001 9911007467603321 005 20250528130238.0 010 $a981-9651-50-6 024 7 $a10.1007/978-981-96-5150-4 035 $a(CKB)39124447000041 035 $a(DE-He213)978-981-96-5150-4 035 $a(MiAaPQ)EBC32140577 035 $a(Au-PeEL)EBL32140577 035 $a(EXLCZ)9939124447000041 100 $a20250528d2025 u| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aHydropower-Led Economic Growth in Bhutan $eDevelopment of Industry-Level Productivity Account, 1990?2022 /$fby Koji Nomura 205 $a1st ed. 2025. 210 1$aSingapore :$cSpringer Nature Singapore :$cImprint: Springer,$d2025. 215 $a1 online resource (XXII, 237 p. 113 illus., 108 illus. in color.) 225 1 $aContemporary South Asian Studies,$x2509-4181 311 08$a981-9651-49-2 327 $aBhutan?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. 330 $aThis book provides a comprehensive analysis of Bhutan?s economic growth and productivity dynamics from 1990 to 2022, with a special focus on hydropower development. Through the construction of detailed industry-level productivity accounts, the study addresses significant data gaps in Bhutan?s national accounts, measuring outputs and inputs across various sectors and developing quality-adjusted labor and capital input series. The analysis reveals the complexities of Bhutan?s hydropower-led growth strategy: while the sector has driven substantial economic growth, its contribution to overall productivity improvement has been limited. The electricity sector shows gains in labor productivity but declining capital productivity, resulting in stagnant Total Factor Productivity (TFP). The study also examines productivity trends in non-electricity sectors and addresses potential ?Dutch disease? effects on manufacturing and agricultural competitiveness. International comparisons place Bhutan?s productivity performance in a regional context, revealing significant gaps in productivity performance, particularly when compared to India, Bhutan?s largest trading partner and a regional economic benchmark. This comparative analysis informs policy recommendations for achieving more balanced and sustainable economic growth. The findings are particularly relevant for Bhutan?s Thirteenth Five-Year Plan (2024?2029), which emphasizes productivity improvements across all economic sectors. The book serves as a valuable resource for policymakers, economists, and researchers interested in development economics, particularly those focused on the unique challenges faced by small, landlocked nations pursuing sustainable economic development. 410 0$aContemporary South Asian Studies,$x2509-4181 606 $aAsia$xEconomic conditions 606 $aEconomic history 606 $aPower resources 606 $aEnvironmental economics 606 $aAsian Economics 606 $aEconomic History 606 $aResource and Environmental Economics 615 0$aAsia$xEconomic conditions. 615 0$aEconomic history. 615 0$aPower resources. 615 0$aEnvironmental economics. 615 14$aAsian Economics. 615 24$aEconomic History. 615 24$aResource and Environmental Economics. 676 $a330.95 700 $aNomura$b Ko?ji$4aut$4http://id.loc.gov/vocabulary/relators/aut$01274832 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9911007467603321 996 $aHydropower-Led Economic Growth in Bhutan$94393351 997 $aUNINA