REGIONAL CONVERGENCE OF ECONOMIC GROWTH DURING POST-REFORM PERIOD IN INDIA
Result description
This paper examines the club-convergence and conditional convergence of economic growth of the major 15 states in India over the periods from 1993-1994 to 2004-2005 by using dynamic fixed effect growth models. The result finds that there is club-convergence within the middle income states. There is also evidence of the convergence of per capita income among Indian states by conditioning private investment and public investment along with other factors of economic growth. This paper is innovative in separating the significance of private investment from the public investment in the longrun dynamics of income in Indian states. This paper suggests that regional disparity in income can be reduced by equitable allocation of private investment and equitabledistribution of public investment.
Keywords
panel data methodsregional growthconvergencePrivate investment
The result's identifiers
Result code in IS VaVaI
Result on the web
DOI - Digital Object Identifier
Alternative languages
Result language
angličtina
Original language name
REGIONAL CONVERGENCE OF ECONOMIC GROWTH DURING POST-REFORM PERIOD IN INDIA
Original language description
This paper examines the club-convergence and conditional convergence of economic growth of the major 15 states in India over the periods from 1993-1994 to 2004-2005 by using dynamic fixed effect growth models. The result finds that there is club-convergence within the middle income states. There is also evidence of the convergence of per capita income among Indian states by conditioning private investment and public investment along with other factors of economic growth. This paper is innovative in separating the significance of private investment from the public investment in the longrun dynamics of income in Indian states. This paper suggests that regional disparity in income can be reduced by equitable allocation of private investment and equitabledistribution of public investment.
Czech name
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Czech description
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Classification
Type
Jx - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
EE2.3.30.0021: Strenthening of Research and Development Teams at the University of Pardubice
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
SINGAPORE ECONOMIC REVIEW
ISSN
0217-5908
e-ISSN
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Volume of the periodical
59
Issue of the periodical within the volume
2
Country of publishing house
SG - SINGAPORE
Number of pages
18
Pages from-to
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UT code for WoS article
000337798300004
EID of the result in the Scopus database
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Basic information
Result type
Jx - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP
AE - Management, administration and clerical work
Year of implementation
2014