Is there a conditional convergence in the per capita incomes of BIMAROU states in India?

Ankita Mishra and Vinod Mishra

No 03-16, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: The stochastic income convergence hypothesis is examined for five BIMAROU (Bihar, Madhya Pradesh, Rajasthan, Orissa and Uttar Pradesh) states in India for the period 1960–2012 using univariate Lagrange multiplier (LM) unit root test that endogenously determines two structural breaks in level and/or trend of the time series. The per capita incomes of all BIMAROU states except Uttar Pradesh are found to converge to the national average per capita income in the long run. Significant structural breaks are detected in relative per capita income series of BIMAROU states. Most of the breaks spotted in the relative per capita income series seem to correspond with periods of political uncertainty and regime changes in the state elections.

Keywords: BIMAROU; Income; Unit Root; Convergence; India (search for similar items in EconPapers)
JEL-codes: C12 O40 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2016-01
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Journal Article: Is there conditional convergence in the per capita incomes of BIMAROU states in India? (2018)
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