Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/27307 
Year of Publication: 
2008
Series/Report no.: 
DIW Discussion Papers No. 783
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
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

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