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: Written 2005-09-08
Note: Type of Document - pdf; pages: 49. pdf format
View list of references

Downloads: (external link)
http://129.3.20.41/eps/dev/papers/0509/0509010.pdf (application/pdf)

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

Access Statistics for this paper

More papers in Development and Comp Systems from EconWPA
Series data maintained by EconWPA ().