Testing Income Convergence: Evidence from Indian States Using Panel Linear and Nonlinear Unit Root Tests
AbstractThe present study attempted to test income convergence of the Indian states. For the analysis, the study utilized panel linear and recently developed panel nonlinear unit root tests for the period 1980-1981 to 2007-2008. Use of recently developed panel nonlinear unit root test was the innovation of the study over the conventional studies based on “sigma” and “beta” convergence for testing convergence of SGDP in Indian sates. Study found strong evidence against the convergence of the State Gross Domestic product (GDP) among the Indian states.
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Bibliographic InfoArticle provided by Weissberg Publishing in its journal Economic Research Guardian.
Volume (Year): 2 (2012)
Issue (Month): 1 (May)
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Convergence; Indian states; Nonlinear panel unit root test;
Find related papers by JEL classification:
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
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