Growth, Inequality and Structural Adjustment: An Empirical Interpretation of the S-Curve for Indian Economy

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Growth, Inequality and Structural Adjustment: An Empirical Interpretation of the S-Curve for Indian Economy

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Narain Sinha ()

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Narain Sinha

Abstract

Extending the Kuznets' hypothesis of economic growth (KHEG) an attempt is made in the present paper to examine its validity for the Indian Economy during the period 1980-81 through 1997-98. The results provide an econometric explanation for the increase in inequality after 1990-91 and seek to defend the strategy of economic development followed in India. The conclusions suggest that the reason for the inequalities lies in the social and political restructuring taking place in the Indian economy. Need therefore is to investigate the social decomposition of the economic inequality.

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Paper provided by Australian National University, Australia South Asia Research Centre in its series ASARC Working Papers with number 2004-16.

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Length: 15
Date of creation: 2004
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Handle: RePEc:pas:asarcc:2004-16

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This paper has been announced in the following NEP Reports:

NEP-ALL-2004-08-23 (All new papers)
NEP-CWA-2004-08-23 (Central & Western Asia)

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Other versions:
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Other versions:
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