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Correlating Growth with Well-Being during Economic Reforms Evidence from India and China

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Author Info
Sudip Ranjan Basu (Graduate Institute of International Studies HEI , Geneva)

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Abstract

This paper investigates the hypothesis that economic growth is critical in inducing well-being during economic reforms. The regional (16 Indian states and 28 Chinese provinces) level study of India and China show that the quality of growth has been essential for well-being. We estimate level of economic well-being by aggregating different socio- economic indicators through multivariate statistical method of factor analysis. We estimate economic growth (per capita income, real) along with their well-being level for four different sub-periods since 1978/80-2001 for all regions. Our empirical results confirm that differential level of well-being across regions is correlated with the quality of growth.

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Paper provided by EconWPA in its series Development and Comp Systems with number 0509010.

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Length: 49 pages
Date of creation: 08 Sep 2005
Date of revision:
Handle: RePEc:wpa:wuwpdc:0509010

Note: Type of Document - pdf; pages: 49. pdf format
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Web page: http://129.3.20.41

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Related research
Keywords: Growth; Well-being; Economic Reforms; Multivariate statistical method; India; China;

Find related papers by JEL classification:
O - Economic Development, Technological Change, and Growth
C - Mathematical and Quantitative Methods
R11 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Analysis of Growth, Development, and Changes

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