Mineral Resource Endowments and Investment Destinations: A Panel Data Analysis of Indian States

Basanta K Pradhan () and Rashmi Rastogi ()
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Rashmi Rastogi: Institute of Economic Growth, Delhi

No 354, IEG Working Papers from Institute of Economic Growth

Abstract: This study examines the role of mineral resources in the concentration of investment in states in India. It computes the mineral resource abundance of states, and analyse whether their resource endowment played any role in attracting investment between 2006 and 2012. The study finds that states with abundant mineral reserves attract more proposed investment, and that resource abundance does not impact actual investment. Proposed investment is concentrated into highly populated low income states, while actual investment is concentrated into states with large market size. Among transport facilities, port facilities are an important determinant of proposed investment.

Keywords: Investment; mineral resource endowment; regional industry location; panel data (search for similar items in EconPapers)
JEL-codes: E22 E66 O11 O53 Q32 R12 R42 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2015
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Published as Institute of Economic Growth, Delhi, 2015, pages 1-23

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Persistent link: https://EconPapers.repec.org/RePEc:awe:wpaper:354

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