{
  "title": "Growth Convergence and Spillovers among Indian States: What Matters? What Does Not?",
  "publication": "IMF Working Papers, April 1, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/growth-convergence-and-spillovers-among-indian-states-what-matters-what-does-not-23791",
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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.",
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    {
      "heading": "Summary",
      "content": "- Paper examines convergence and spillovers across Indian states using non-stationary panel data techniques.\n- Results are generally similar, but more nuanced, than previous studies.\n- Key empirical patterns:\n  - Evidence of divergence over the entire sample period.\n  - Convergence during sub-periods corresponding to structural breaks.\n  - Club convergence is present.\n  - Strong evidence of club convergence among the high- and low-income states; evidence for middle-income states is mixed.\n  - Dynamic spillover effects among states are small."
    },
    {
      "heading": "Major Findings",
      "content": "- Convergence dynamics:\n  - Divergence over the entire sample period.\n  - Convergence in identified sub-periods that correspond to structural breaks.\n  - Club convergence: distinct convergence clubs are observed rather than uniform convergence across all states.\n  - High-income states: strong evidence of club convergence.\n  - Low-income states: strong evidence of club convergence.\n  - Middle-income states: mixed evidence on club convergence.\n- Spillovers:\n  - Dynamic spillover effects among states are small."
    },
    {
      "heading": "Methodology (as described)",
      "content": "- Uses non-stationary panel data techniques to assess convergence and spillovers across Indian states."
    },
    {
      "heading": "Subject Areas and Keywords",
      "content": "- Subject: Infrastructure, Personal income, Private investment, Services sector, Spillovers\n- Keywords: growth rate, low income, WP\n\n---\n\n Content in this bundle\n\n- wp1096 - References\n  - wp1096 - References (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp1096 - References (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/growth-convergence-and-spillovers-among-indian-states-what-matters-what-does-not-23791"
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    "Authors: Piyaporn Sodsriwiboon, Sanjay Kalra",
    "Published: April 1, 2010",
    "Series: IMF Working Papers",
    "Paper examines convergence and spillovers across Indian states using non-stationary panel data techniques.",
    "Results are generally similar, but more nuanced, than previous studies.",
    "Key empirical patterns:",
    "Convergence dynamics:",
    "Spillovers:",
    "Uses non-stationary panel data techniques to assess convergence and spillovers across Indian states.",
    "Subject: Infrastructure, Personal income, Private investment, Services sector, Spillovers",
    "Keywords: growth rate, low income, WP",
    "**_wp1096 - References**"
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