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Author/Editor:
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Kalra, Sanjay ; Sodsriwiboon, Piyaporn
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Publication Date:
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April 01, 2010
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Electronic Access:
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Free Full text
(PDF file size is 1,086KB).
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
Convergence and spillovers across countries and within countries are old, but recurrent policy concerns, and India is no exception to this rule. This paper examines convergence and spillovers across Indian states using non-stationary panel data techniques. Results on convergence among Indian states are generally found to be similar, but more nuanced, than previous studies. Generally speaking, there is evidence of divergence over the entire sample period, convergence during sub-periods corresponding to structural breaks, and club convergence. There is strong evidence of club convergence among the high- and low-income states; the evidence for middle-income states is mixed. Dynamic spillover effects among states are small.
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Order a print copy
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Series:
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Working Paper No. 10/96
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Subject(s):
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Cross country analysis | Economic growth | Economic models | India | Regional shocks | Spillovers | Time series
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Author's Keyword(s):
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Indian states | convergence | growth theory | non-stationary panels |
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English
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Publication Date:
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April 01, 2010
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Format:
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Paper
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Stock No:
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WPIEA2010096
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Pages:
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34
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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