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REGIONAL CONVERGENCE OF ECONOMIC GROWTH DURING POST-REFORM PERIOD IN INDIA
Authors: Mallick Jagannath
Year: 2014
Type of publication: článek v odborném periodiku
Name of source: Singapore Economic Review
Publisher name: World Scientific Publishing Co.
Place: Singapore
Page from-to: nestránkováno
Titles:
Language Name Abstract Keywords
cze REGIONAL CONVERGENCE OF ECONOMIC GROWTH DURING POST-REFORM PERIOD IN INDIA 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 equitable distribution of public investment. Private investment; convergence; regional growth; panel data methods
eng REGIONAL CONVERGENCE OF ECONOMIC GROWTH DURING POST-REFORM PERIOD IN INDIA 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 equitable distribution of public investment. Private investment; convergence; regional growth; panel data methods

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