Institutions and the quality of governance: an empirical study on interstate differences in economic development in India
Economic performance is closely linked to the existence of good institutions. However, the quality of governance has also been identified as an important factor that affects economic growth and development. This paper empirically examines the significance of these factors in explaining variations in the per capita GDP of the Indian states and the extent of industrialization across them. Towards this end, indices for institutions—such as the protection of property rights, the efficiency of the legal system at the state level and the rule of law—as well as indicators of the extent and quality of State intervention and political stability, have been constructed to bring them into an empirically testable format. Empirical findings suggest that the quality of governance is significant in explaining the variations in state per capita GDP. Institutional factors play a significant role in explaining variations in the extent of industrialization across the Indian states.
Volume (Year): 16 (2009)
Issue (Month): 1 (June)
|Contact details of provider:|| Postal: The United Nations Building, Rajadamnern Nok Avenue, Bangkok 10200|
Phone: (66-2) 288-1234
Fax: (66-2) 288-1000
Web page: http://www.unescap.org/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Alesina, Alberto & Özler, Sule & Roubini, Nouriel & Swagel, Phillip, 1996.
"Political Instability and Economic Growth,"
Journal of Economic Growth,
Springer, vol. 1(2), pages 189-211, June.
- Roubini, Nouriel & Swagel, Phillip & Ozler, Sule & Alesina, Alberto, 1996. "Political Instability and Economic Growth," Scholarly Articles 4553024, Harvard University Department of Economics.
- Alberto Alesina & Sule Ozler & Nouriel Roubini & Phillip Swagel, 1992. "Political Instability and Economic Growth," NBER Working Papers 4173, National Bureau of Economic Research, Inc.
- repec:hrv:faseco:30725664 is not listed on IDEAS
- repec:hrv:faseco:30747160 is not listed on IDEAS
- John F. Helliwell, 1992.
"Empirical Linkages Between Democracy and Economic Growth,"
NBER Working Papers
4066, National Bureau of Economic Research, Inc.
- Helliwell, John F., 1994. "Empirical Linkages Between Democracy and Economic Growth," British Journal of Political Science, Cambridge University Press, vol. 24(02), pages 225-248, April.
- Pranab Bardhan, 2004. "Scarcity, Conflicts, and Cooperation: Essays in the Political and Institutional Economics of Development," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262524295, September.
- Shashanka Bhide & Rajesh Chadha & Kaliappa Kalirajan, 2005. "Growth interdependence among Indian states: an exploration," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 12(2), pages 59-80, December.
When requesting a correction, please mention this item's handle: RePEc:unt:jnapdj:v:16:y:2009:i:1:p:1-26. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Macroeconomic Policy and Development Division, ESCAP)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.