Open AccessJournal Article
Why were some Indian states so slow to participate in the turnaround
Chetan Ghate,Stephen Wright +1 more
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In this article, the authors examined whether the relative size of shifts in growth across states could have been predicted from data on state characteristics, measured before the turnaround, and found that relatively high shares of both agriculture and registered manufacturing predicted weaker growth across all states.Abstract:
In earlier research we identified the start of the growth turnaround in the late 1980s. This is consistent with the pattern of (particularly trade) policy liberalisation at the time. Since then there has been a remarkable improvement in per capita incomes. But a puzzle remains. The change in policy should have had a symmetric effect across India. Yet the participation of different states in the turnaround has been very uneven. In this paper we examine whether the relative size of shifts in growth across states could have been predicted from data on state characteristics, measured before the turnaround. We use the “robustness” techniques first proposed by Sala-i-Martin. As might be expected, higher initial literacy, urbanisation and access to ports all predicted stronger growth. But we also find that relatively high shares of both agriculture and registered manufacturing predicted weaker growth across allread more
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Regulation and Deregulation
Vera Amendola,Sergio Bruno +1 more
TL;DR: The New Palgrave Dictionary of Economics produces two different entries, presented as substantially distinct. as discussed by the authors defines regulation as "a dynamic process of adaptation of production and social demand resulting from a conjunction of economic adjustments linked to a given configuration of social relations, forms of organization and structures".
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States Diverge, Cities Converge : Drivers of Local Growth Catch-up in India
Yue Li,Martin Rama,Qinghua Zhao +2 more
TL;DR: In this article, the authors take a fresh look at growth convergence in India, combining insights from macroeconomics and urban economics, and find absolute convergence in living standards across districts and places below the district level, with locations in the gray area between rural and urban growing fastest.
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An empirical inquiry into per capita convergence of Indian states
TL;DR: The topic of growth convergence (or the lack of it) has always been one of the most important economic phenomena for Indian states as mentioned in this paper, and this study undertakes more than 3 decades of data for Indian stat...
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I Just Ran Two Million Regressions
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Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach
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