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Credit Accessibility Across Indian States - Evidence From Club Convergence

Author

Listed:
  • Salman Haider
  • Masudul Hasan Adil

    (Sri Ramachandra Institute of Higher Education and Research, Chennai, India)

Abstract

Indian states are immensely heterogeneous in terms of their socioeconomic activities. The economic structure of India is consequently bifurcated too. This study examines, under given heterogeneities, whether credit accessibility among states converges over time, particularly in industrial and agricultural lending. We employ the concept of club convergence and find that substantial heterogeneities and multiple transition paths exist for industrial credit convergence across states, while agriculture credit is relatively less heterogeneous as compared with industry. Therefore, more attention is required to reduce access to banking credit for industries in poorer states.

Suggested Citation

  • Salman Haider & Masudul Hasan Adil, 2024. "Credit Accessibility Across Indian States - Evidence From Club Convergence," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 5(2), pages 1-6.
    • Handle: RePEc:ayb:jrnael:97
    DOI: 2024/06/29
    as

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    References listed on IDEAS

    as
    1. Hassan, M. Kabir & Sanchez, Benito & Yu, Jung-Suk, 2011. "Financial development and economic growth: New evidence from panel data," The Quarterly Review of Economics and Finance, Elsevier, vol. 51(1), pages 88-104, February.
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    3. Vaseem Akram & Badri Narayan Rath, 2022. "Does government revenue converge across Indian states? Evidence from club convergence," Applied Economics Letters, Taylor & Francis Journals, vol. 29(10), pages 915-919, June.
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    Keywords

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    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts

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