@techreport{Ghate2009Factor,
abstract = {Following Bai (2004) and Bai and Ng (2004) we estimate a common factor representation of a panel of output series for India, disaggregated by 15 states and 14 broad industry groups. We find that a single common V-Factor accounts for a large part of the significant shift in the cross-sectional distribution of state-sectoral output growth rates since the mid -1980s. The time profile of the V-Factor appears to be closely related to trade liberalization.},
address = {Jena},
author = {Chetan Ghate and Stephen Wright},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {O10; O40; O53; O47; 330; Economic Growth; factor models; principal components; convergence; divergence; Indian states; Sozialprodukt; Wirtschaftswachstum; Entwicklungskonvergenz; Vergleich; Indien; USA},
language = {eng},
number = {2009,010},
publisher = {Universit\"{a}t Jena und Max-Planck-Institut f\"{u}r \"{O}konomik},
title = {The "V-Factor": distribution, timing and correlates of the great Indian growth turnaround},
type = {Jena economic research papers},
url = {http://hdl.handle.net/10419/31784},
year = {2009}
}
