ECONOMIC GROWTH AND SECTORAL LINKAGES: EMPIRICAL EVIDENCE FROM ODISHA

Deepak Kumar Behera ()
Additional contact information
Deepak Kumar Behera: Entrepreneurship Development Institute of India, Postal: Entrepreneurship Development Institute of India, Gandhinagar, Gujarat - 382428

Journal of Regional Development and Planning, 2012, vol. 1, issue 2, 91-102

Abstract: The present paper analyses the trends in sectoral shares in state domestic product and inter-sectoral linkages in Odisha for the period 1980-81 to 2011-12. Results drawn from Granger causality test suggest that there is a weak linkage between primary and secondary sectors in the growth process. In the case of primary and tertiary sector services, though the primary sector does not show linkages with the tertiary sector as a whole, it does have linkages with some important sub-services like trade, hotel and restaurant services. Between secondary and sub-sector of tertiary sectors, there is an independent relationship of industry with trade, hotel and restaurant, and community, social and personal services. However, there is a unidirectional causality between secondary to finance, insurance, real estate and business services on one hand and transport, storage and communication to secondary sector on the other. The long-run cointegration results show a strong relationship between secondary and TSC services in the economy on one hand and independent long run relationship within FIRB on the other. However, results based on error correction model indicate a weak association between the sectors in the short run. Though the linkage is significant between the sectors, but it is not linked with three sector analysis where primary sector is completely missing for a relatively faster adjustment towards long run equilibrium rate of growth.

Keywords: Growth; Sectoral Linkage; Odisha; Causality; Cointegration (search for similar items in EconPapers)
JEL-codes: O41 O47 R11 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.jrdp.in/archive/1_2_2.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:jrdpin:0007

Access Statistics for this article

Journal of Regional Development and Planning is currently edited by Rajarshi Majumder

More articles in Journal of Regional Development and Planning from Rajarshi Majumder Journal of Regional Development and Planning, c/o Rajarshi Majumder, University of Burdwan, Golapbag, Burdwan, INDIA - 713104.
Bibliographic data for series maintained by Rajarshi Majumder ().