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A Quality of Growth Index

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  • Saibal Ghosh

Abstract

Employing decadal data for the period 1971–2011, this article constructs a quality of growth index (QGI) for major Indian states. The index encompasses not only growth and its durability, but also encompasses several relevant social dimensions. These include variables such as stability and diversification of growth as well as institutional quality and social indicators such as life expectancy and literacy rate. The extended period chosen enables us to trace the evolution of the index over a sufficiently long period of time. Several findings stand out. First, the average value of the index is higher in the post-reform period, suggesting that there has been an overall improvement in the quality of growth over time. However, although the BIMAROU states have raised their QGI, they have still lagged behind their peers. Second, it is typically the industrialized states which have witnessed higher QGI. And third, the industrialized states, with improved financial access and better physical infrastructure, which are better placed are those with higher QGI.

Suggested Citation

  • Saibal Ghosh, 2016. "A Quality of Growth Index," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 17(1), pages 133-148, March.
    • Handle: RePEc:sae:soueco:v:17:y:2016:i:1:p:133-148
    DOI: 10.1177/1391561415621827
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    References listed on IDEAS

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    Cited by:

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    2. Naresh Kumar & Ritu Rani, 2020. "Extent of Social Change in Family Quality of Life Index: Empirical Evidence from Selected States of India," South Asian Survey, , vol. 27(1), pages 62-80, March.
    3. Bharatee Bhusana, Ferris, J Stephen Dash & Stanley L. Winer, 2018. "Measuring Electoral Competitiveness: With Application to the Indian States," CESifo Working Paper Series 7216, CESifo.

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    More about this item

    Keywords

    Growth index; quality of growth; Indian states; institutional growth; financial access;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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