Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27307
Authors: 
Ghate, Chetan
Wright, Stephen
Year of Publication: 
2008
Series/Report no.: 
Discussion papers // German Institute for Economic Research 783
Abstract: 
The ratio of Indian to US per capita output over the past 45 years has displayed a distinctive V-shaped pattern. We show that a strikingly similar V-shaped pattern is visible not just in aggregate output .figures, but also as the primary determinant of long-term movements in the cross-sectional distribution within the All-India total, at both sectoral and state output levels. We also carry out preliminary investigations of correlates of the V-Factor, using a new panel data set for Indian states from 1960 to 2005 that extends and encompasses all previous datasets relevant to macroeconomic analysis of the Indian states.
Subjects: 
Principal components
divergence
Indian States
JEL: 
O10
O40
O53
O47
Document Type: 
Working Paper

Files in This Item:
File
Size
745.73 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.