Correlating Growth with Well-Being during Economic Reforms Evidence from India and China

Sudip Ranjan Basu ()

Development and Comp Systems from EconWPA

Abstract: This paper investigates the hypothesis that economic growth is critical in inducing well-being during economic reforms. The regional (16 Indian states and 28 Chinese provinces) level study of India and China show that the quality of growth has been essential for well-being. We estimate level of economic well-being by aggregating different socio- economic indicators through multivariate statistical method of factor analysis. We estimate economic growth (per capita income, real) along with their well-being level for four different sub-periods since 1978/80-2001 for all regions. Our empirical results confirm that differential level of well-being across regions is correlated with the quality of growth.

Keywords: Growth; Well-being; Economic Reforms; Multivariate statistical method; India; China (search for similar items in EconPapers)
JEL-codes: O C R11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa, nep-geo, nep-sea, nep-soc and nep-tra
Date: 2005-09-08
Note: Type of Document - pdf; pages: 49. pdf format
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpdc:0509010

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