Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/31784
Authors: 
Ghate, Chetan
Wright, Stephen
Year of Publication: 
2009
Series/Report no.: 
Jena economic research papers 2009,010
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.
Subjects: 
Economic Growth
factor models
principal components
convergence
divergence
Indian states
JEL: 
O10
O40
O53
O47
Document Type: 
Working Paper

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