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dc.contributor.authorBandyopadhyay, Sanghamitraen_US
dc.description.abstractThis paper documents the convergence of incomes across Indian states over the period 1965 to 1998. It departs from traditional analyses of convergence by tracking the evolution of the entire income distribution, instead of standard regression and time series analyses. The findings reveal twin-peaks dynamics—the existence of two income convergence clubs, one at 50 per cent, another at 125 per cent of the national average income. Income disparities across states seem to have declined over the 1960s, only to increase over the subsequent three decades. The observed polarization is strongly explained by the disparate distribution of infrastructure, and that of education, and to an extent by a number of macroeconomic indicators; that of capital expenditure and fiscal deficits.en_US
dc.publisherUNU-WIDER Helsinkien_US
dc.relation.ispartofseriesWIDER Discussion Papers // World Institute for Development Economics (UNU-WIDER) 2003/77en_US
dc.subject.keywordconvergence clubsen_US
dc.subject.keywordconditional convergenceen_US
dc.subject.keyworddistribution dynamicsen_US
dc.subject.keywordcapital investmenten_US
dc.subject.keywordmacroeconomic stabilityen_US
dc.subject.keywordpanel dataen_US
dc.subject.stwRegionale Einkommensverteilungen_US
dc.titleConvergence club empirics: Some dynamics and explanations of unequal growth across Indian statesen_US
dc.typeWorking Paperen_US
Appears in Collections:WIDER Discussion Papers, United Nations University (UNU)

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