Convergence Club Empirics: Some Dynamics and Explanations of Unequal Growth across Indian States
Published By: UNU-WIDER on eSS | Published Date: November, 22 , 2003This 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 across states seem to have declined over the 1960s, only to
increase over the subsequent three decades. [Discussion Paper No. 2003/77]
Author(s): Sanghamitra Bandyopadhyay | Posted on: Nov 22, 2010 | Views(857) | Download (638)