Twin Peaks: Convergence Empirics of Economic Growth across Indian States

Sanghamitra Bandyopadhyay ()

No DP2001-142, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper documents the convergence of incomes across Indian states over the period 1965 to 1998. It departs from traditional analyses of convergence by tracking the evolution of the entire income distribution, instead of standard regression and time series analyses. The findings reveal twin-peaks dynamics—the existence of two income convergence clubs, one at 50 per cent, another at 125 per cent of the national average income. Income disparities seem to have declined over the sixties, only to increase over the following three decades.

Keywords: Capital investments; Econometric models (Economic development); Public expenditures; Income distribution; Infrastructure (Economics) (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (11)

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