Understanding Economic Growth in Indian States

N R Bhanumurthy
Authors registered in the RePEc Author Service: Prakash Singh

MPRA Paper from University Library of Munich, Germany

Abstract: The present study tries to understand the trends and determinants of economic growth in Indian states. For this, it considers two important determinants such as infrastructure and financial development. With the help of panel time series models, the study concludes that although both the variables are highly correlated with economic growth, it is the social sector development that is having higher impact on the economic growth. In terms of the role of financial sector, the results show that although it is necessary to have development in terms of increase in number of bank branches, it is the extent of bank business that is more important in the growth process.

Keywords: Growth; Infrastructure; Financial Development; Panel Time Series; India (search for similar items in EconPapers)
JEL-codes: F43 H54 N20 O16 (search for similar items in EconPapers)
Date: 2009-05-15
New Economics Papers: this item is included in nep-cwa and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/16478/1/MPRA_paper_16478.pdf original version (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:pra:mprapa:16478

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().