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Following Bai (2004) and Bai and Ng (2004) we estimate a common factor representation of a panel of output series for India, disaggregated by 15 states and 14 broad industry groups. We find that a single common V-Factor accounts for a large part of the significant shift in the cross-sectional...
Persistent link: https://www.econbiz.de/10010274009
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...
Persistent link: https://www.econbiz.de/10010265006
In Ghate & Wright Journal of Development Economics, vol. 99 (2012) pp 58-67, we noted that there was considerable variation in the extent to which different Indian states participated in the Great Indian Growth Turnaround. In this paper we investigate whether there was any systematic...
Persistent link: https://www.econbiz.de/10011807667
Persistent link: https://www.econbiz.de/10009687316
models ; principal components ; convergence ; divergence ; Indian states …
Persistent link: https://www.econbiz.de/10003809921
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...
Persistent link: https://www.econbiz.de/10014218314
In this paper, we examine the growth convergence hypothesis within a developing country. Across Indian states, income …
Persistent link: https://www.econbiz.de/10012707222
Beginning in the 1980s, India has experienced an acceleration of economic growth by way of a promotion of a more efficient pro business and market oriented model. Following the rapid growth of the 1980s, the 1990s brought continued deregulation through market liberalization policies and...
Persistent link: https://www.econbiz.de/10013089572
-09 compared to 1993-2001. Second, nevertheless, there is a continued phenomenon of divergence or rising inequality across states …
Persistent link: https://www.econbiz.de/10014175473
dataset. More than the catching-up effect, we will measure the convergence for three emerging countries: Brazil …/China/India. We will compare the convergence between these countries and the productivity frontier represented by the U.S. over the … higher the level of productivity in an industry, the lower its growth rate, showing a convergence to the productivity …
Persistent link: https://www.econbiz.de/10013076053