Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125556
Authors: 
Singh, Nirvikar
Year of Publication: 
2015
Series/Report no.: 
Working Papers, UC Santa Cruz Economics Department 730
Abstract: 
The economy of Punjab state in India offers an interesting case study. Punjab has been for decades - and remains - one of India's better-off states, and so it tends not be included in the primary focus of national programs meant to reduce poverty or spur economic development. But, Punjab's relative economic position within India has declined rapidly in recent years. This decline has been accompanied by environmental problems and symptoms of deep social malaise. As will be argued in this paper, Punjab is facing a multidimensional crisis that requires urgent attention. This paper provides an overview of Punjab's crisis, through an analysis of the dynamics of Punjab's economic development as shaped by its political economy, its social dynamics and exogenous events since independence. It argues that one can understand both Punjab's success in certain areas of agriculture and its subsequent relative decline in terms of the interaction of these factors. It uses this historical analysis to provide an assessment of Punjab's future economic development, in terms of the structural changes that are needed, and how these can be encouraged or implemented by policy makers within the constraints of its current political-economic equilibrium.
Subjects: 
Punjab
economic development
structural change
political economy
JEL: 
O10
O20
P16
P26
Document Type: 
Working Paper

Files in This Item:
File
Size
135.42 kB





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