Long-Run Growth Trends and Convergence Across Indian States:
This paper examines the growth performance of Indian States during 1970-94. We, first, propose a grouping of States according to differences in the availability of physical, social, and economic infrastructure, using principal components analysis. Then, combining principal components analysis and pa...
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
1998
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| Schriftenreihe: | OECD Development Centre Working Papers
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper examines the growth performance of Indian States during 1970-94. We, first, propose a grouping of States according to differences in the availability of physical, social, and economic infrastructure, using principal components analysis. Then, combining principal components analysis and panel data estimation techniques, we assess the contribution of various infrastructure indicators to growth performance. The analysis tackles endogeneity issues in the provision of infrastructure by way of instrumental variables estimation for many of the infrastructure indicators. We do find evidence of conditional convergence across States. This does not rule out persistent income inequalities due to the dispersion of steady-state income levels. Such disparities are accounted for by differences, first, in the structure of production, second, in infrastructure endowments, and, third, in Statespecific fixed effects in the growth regression. Consequently, economic policy measures aiming at ... |
| Beschreibung: | 1 Online-Ressource (56 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/138016038733 |
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| index_date | 2024-07-03T19:35:07Z |
| indexdate | 2024-12-18T19:04:39Z |
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| language | English |
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| spelling | Nagaraj, Rayaprolu Verfasser aut Long-Run Growth Trends and Convergence Across Indian States Rayaprolu Nagaraj, Aristomene Varoudakis and Marie-Ange Véganzonès Paris OECD Publishing 1998 1 Online-Ressource (56 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Development Centre Working Papers This paper examines the growth performance of Indian States during 1970-94. We, first, propose a grouping of States according to differences in the availability of physical, social, and economic infrastructure, using principal components analysis. Then, combining principal components analysis and panel data estimation techniques, we assess the contribution of various infrastructure indicators to growth performance. The analysis tackles endogeneity issues in the provision of infrastructure by way of instrumental variables estimation for many of the infrastructure indicators. We do find evidence of conditional convergence across States. This does not rule out persistent income inequalities due to the dispersion of steady-state income levels. Such disparities are accounted for by differences, first, in the structure of production, second, in infrastructure endowments, and, third, in Statespecific fixed effects in the growth regression. Consequently, economic policy measures aiming at ... Development India Varoudakis, Aristomene ctb Véganzonès, Marie-Ange ctb https://doi.org/10.1787/138016038733 Verlag kostenfrei Volltext |
| spellingShingle | Nagaraj, Rayaprolu Long-Run Growth Trends and Convergence Across Indian States Development India |
| title | Long-Run Growth Trends and Convergence Across Indian States |
| title_auth | Long-Run Growth Trends and Convergence Across Indian States |
| title_exact_search | Long-Run Growth Trends and Convergence Across Indian States |
| title_exact_search_txtP | Long-Run Growth Trends and Convergence Across Indian States |
| title_full | Long-Run Growth Trends and Convergence Across Indian States Rayaprolu Nagaraj, Aristomene Varoudakis and Marie-Ange Véganzonès |
| title_fullStr | Long-Run Growth Trends and Convergence Across Indian States Rayaprolu Nagaraj, Aristomene Varoudakis and Marie-Ange Véganzonès |
| title_full_unstemmed | Long-Run Growth Trends and Convergence Across Indian States Rayaprolu Nagaraj, Aristomene Varoudakis and Marie-Ange Véganzonès |
| title_short | Long-Run Growth Trends and Convergence Across Indian States |
| title_sort | long run growth trends and convergence across indian states |
| topic | Development India |
| topic_facet | Development India |
| url | https://doi.org/10.1787/138016038733 |
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