The Determinants of Economic Well-being:An Application in the Indian States

Sudip Ranjan Basu

Development and Comp Systems from University Library of Munich, Germany

Abstract: The purpose of this paper is to explore the determinants of economic well-being. We provide a methodology to compute well-being by aggregating different socio-economic dimensions with factor analysis technique. We also estimate quality of good governance (using latent variable approach) and a financial decentralisation index. Panel data is employed to explore if better quality of institutional arrangements (of governance and more financial decentralisation) lead to better outcome in the economic well-being index. The evidence shows a strong positive link ( from using data of 16 major Indian states over four points of time (1970s to 1997-latest)).

Keywords: Economic Well-being; Governance; Decentralisation; Panel data; India (search for similar items in EconPapers)
JEL-codes: C10 C23 O1 R11 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2005-09-08
New Economics Papers: this item is included in nep-cwa, nep-geo and nep-soc
Note: Type of Document - pdf; pages: 34. pdf format
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/dev/papers/0509/0509009.pdf (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:wpa:wuwpdc:0509009

Access Statistics for this paper

More papers in Development and Comp Systems from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).