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The "V-Factor": Distribution, Timing and Correlates of the Great Indian Growth Turnaround
Chetan Ghate,Stephen Wright +1 more
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This paper showed that a strikingly similar V-shaped pattern is visible not just in aggregate output figures, but also as the primary determinant of long-term movements in the cross-sectional distribution within the All-India total, at both sectoral and state output levels.Abstract:
The ratio of Indian to US per capita output over the past 45 years has displayed a distinctive "V"-shaped pattern. We show that a strikingly similar V-shaped pattern is visible not just in aggregate output figures, but also as the primary determinant of long-term movements in the cross-sectional distribution within the All-India total, at both sectoral and state output levels. We also carry out preliminary investigations of correlates of the "VFactor", using a new panel data set for Indian states from 1960 to 2005 that extends and encompasses all previous datasets relevant to macroeconomic analysis of the Indian states.read more
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Deals and Development: The Political Dynamics of Growth Episodes
TL;DR: In Deals and Development: The Political Dynamics of Growth Episodes as mentioned in this paper, the authors examine how businesses have engaged with the state to both constrain and enable growth episodes across ten African and Asian countries.
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Crowding-out or crowding-in? Public and private investment in India
TL;DR: In this paper, the authors investigated the relationship between public and private investment in India along the following dimensions: acknowledging major structural changes that the Indian economy has undergone in the past three decades, they study whether public investment in recent years has become more or less complementary to private investment.
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The Enigma of India
TL;DR: The authors in this article argued that the cause of India's high growth does not fit into any easy ideological category as suggested by Virmani and there is reason to expect the growth to be sustainable, although destabilizing political tensions will arise from the increasing inequality.
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Human capital, technological progress and trade: What explains India's long run growth?
TL;DR: In this article, the authors used an improved growth accounting framework and ARDL-based co-integration techniques to identify the factors that drive long run productivity growth in India and found that both domestic technology capability building and foreign technology spillovers are important forces in determining India's long run growth.
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Remoteness, Urbanization, and India's Unbalanced Growth
TL;DR: This article explored the determinants of India's unbalanced growth at the district level and found that there is absolute divergence across districts but conditional convergence once they allow for district characteristics, particularly urbanization and the distance from a major urban agglomeration.
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A Contribution to the Empirics of Economic Growth
TL;DR: The authors examined whether the Solow growth model is consistent with the international variation in the standard of living, and they showed that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data.
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Testing for unit roots in heterogeneous panels
TL;DR: In this article, a unit root test for dynamic heterogeneous panels based on the mean of individual unit root statistics is proposed, which converges in probability to a standard normal variate sequentially with T (the time series dimension) →∞, followed by N (the cross sectional dimension)→∞.
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Computation and analysis of multiple structural change models
Jushan Bai,Pierre Perron +1 more
TL;DR: In this paper, the problem of estimating the break dates and the number of breaks in a linear model with multiple structural changes has been considered and an efficient algorithm based on the principle of dynamic programming has been proposed.
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Computation and Analysis of Multiple Structural-Change Models
Jushan Bai,Pierre Perron +1 more
TL;DR: In this paper, the problem of estimating the number of break dates in a linear model with multiple structural changes has been studied and an efficient algorithm to obtain global minimizers of the sum of squared residuals has been proposed.
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Growth Empirics: A Panel Data Approach
TL;DR: In this article, a panel data approach is advocated and implemented for studying growth convergence, and the familiar equation for testing convergence is reformulated as a dynamic panel data model, and different panel data estimators are used to estimate it.
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Do We Share the Same Destiny? An Empirical Study on the Convergence of Growth Among Indian States
Sattwik Santra,Samarjit Das +1 more