Many developing countries exhibit imbalanced spatial development, but corrective policies are hampered by lack of adequate sub-regional development data. Building on the insights of the factor price equalization theorem and by applying measures of spatial autocorrelation on land values, patterns...

The paper attempts to examine whether there is price convergence across various regions in India. Our results indicate significant presence of cross-sectional dependence in prices in India, rendering some of the standard panel unit root tests inapplicable. Using various panel unit root tests...