Correlating Growth with Well-Being during Economic Reforms Evidence from India and China
AbstractThis 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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Bibliographic InfoPaper provided by EconWPA in its series Development and Comp Systems with number 0509010.
Length: 49 pages
Date of creation: 08 Sep 2005
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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, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-09-17 (All new papers)
- NEP-CWA-2005-09-17 (Central & Western Asia)
- NEP-GEO-2005-09-17 (Economic Geography)
- NEP-SEA-2005-09-17 (South East Asia)
- NEP-SOC-2005-09-17 (Social Norms & Social Capital)
- NEP-TRA-2005-09-17 (Transition Economics)
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