Policy Alternatives for Accelerating Health & Educational Attainments of Children in India: An Analysis using Computable General Equilibrium Model

First, we modify the classification in the SAM and update the SAM to the year 2011-12, which is the base year for the SAM/model. [...] The resultant SAM captures the flows in the economy in the base year as per the New Series of the National Accounts Statistics with Base Year 2011-12. [...] The Planning Commission (Government of India, 2008) provides information on the anticipated growth rate in the size of the total labour force in the country between the years 2002 and 2022. [...] In contrast the rise in real wages of semi-skilled and skilled labour is quite modest –2.8 times in the case of semi-skilled labour and just 1.8 times in the case of skilled labour –due to the expansion in their supply which somewhat offsets the positive impact of the overall rise in productivity on their wages. [...] The macroeconomic closures and the numeraire are also remaining same as in the BAU scenario that helps us to assess if change in growth rate of the economy 26 significantly affects the improvements in child health and educational achievements given other factors constant in the long run.