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'Understanding growth convergence in India (1981-2010): Looking beyond the usual suspects'
- Source :
- PLoS ONE, Vol 15, Iss 6, p e0233549 (2020), PLoS ONE
- Publication Year :
- 2020
- Publisher :
- Public Library of Science (PLoS), 2020.
-
Abstract
- The literature on growth convergence has focused to a great extent on the role of initial incomes as a primary determinant of long-term growth outcomes. Expanded versions of growth models have used other explanators to unpack the growth process. In this paper we add to the literature in two significant ways: (a) we use socioeconomic variables that are sometimes overlooked in explaining growth (such as, political stability and political alliance, social heterogeneity, and demographic distribution), and (b) we demonstrate that earlier analyses may be overlooking the problem of normality and endogeneity in regression models (and we provide alternate methods like instrumental variable and distribution dynamics to control for these). In this paper we analyze the per capita income growth at the subnational level in India for the period 1981-82 to 2010-11 using an expanded growth framework. We find that initial incomes, the ratio of working age group to total population, political stability and alliance, and the extent of development expenditure play a positive and significant role in predicting growth. We also find that, contrary to popular belief, the presence of marginalized groups-namely Scheduled Castes and Scheduled Tribes-have not been a hindrance to growth of per capita incomes in states. Our findings on the influence of social institutions may have significant implications for a public policy of affirmative action in India. The results on the impact of development expenditure on growth is also important for states seeking to increase their growth rates through policy intervention.
- Subjects :
- Economics
050204 development studies
Population Dynamics
Distribution (economics)
Social Sciences
Geographical Locations
Governments
Sociology
Economic Growth
Per capita
050207 economics
Human Capital
Multidisciplinary
International Relations
05 social sciences
Convergence (economics)
Per capita income
Research Design
Income
Medicine
Research Article
Census
Asia
Political Science
Science
India
Public Policy
Social class
Research and Analysis Methods
Human capital
History, 21st Century
Development Economics
0502 economics and business
Humans
Social Stratification
Endogeneity
Demography
Survey Research
business.industry
History, 20th Century
Social stratification
Social Class
Socioeconomic Factors
Age Groups
People and Places
Demographic economics
Population Groupings
Health Expenditures
business
Subjects
Details
- Language :
- English
- ISSN :
- 19326203
- Volume :
- 15
- Issue :
- 6
- Database :
- OpenAIRE
- Journal :
- PLoS ONE
- Accession number :
- edsair.doi.dedup.....9d6aff7add8d50e37a200193414ae2b8