BIROn - Birkbeck Institutional Research Online

    The “V-factor”: distribution, timing and correlates of the great Indian growth turnaround

    Ghate, C. and Wright, Stephen (2012) The “V-factor”: distribution, timing and correlates of the great Indian growth turnaround. Journal of Development Economics 99 (1), pp. 58-67. ISSN 0304-3878.

    Full text not available from this repository.

    Abstract

    We analyze a panel of output series for India, disaggregated by 15 states and 14 broad industry groups. Using principal components (Bai, 2004; Bai and Ng, 2004) we find that a single common “V-factor” captures well the significant shift in the cross-sectional distribution of state-sectoral output growth rates since the 2nd half of the 1980s. The timing of the turnaround implied by the V-factor is more closely related to the pattern of policy reforms than has been found in previous research. Regression-based analysis also provides some insights into the uneven distribution of the turnaround across Indian states.

    Metadata

    Item Type: Article
    Keyword(s) / Subject(s): indian economic growth, factor models, principal components, convergence, divergence, Indian states
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Research Centre: Applied Macroeconomics, Birkbeck Centre for
    Depositing User: Sarah Hall
    Date Deposited: 13 May 2014 09:33
    Last Modified: 07 Dec 2016 14:53
    URI: http://eprints.bbk.ac.uk/id/eprint/9723

    Statistics

    Downloads
    Activity Overview
    0Downloads
    188Hits

    Additional statistics are available via IRStats2.

    Archive Staff Only (login required)

    Edit/View Item Edit/View Item