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Holidays and economic growth: Evidence from a panel of Indian states

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  • Sayantan Ghosh Dastidar
  • Nicholas Apergis

Abstract

The number of holidays differs significantly across Indian states. Moreover, some of the governing political parties have been accused of using holidays as a tool either to mollify disgruntled workers or to woo voters before the state elections. In this context, this paper explores the relationship between the number of holidays and economic growth across 24 Indian states, spanning the period 2008–2016, by employing a panel model analysis. The paper presents evidence suggesting that holidays seem to affect growth negatively in the rich states but are inconsequential for the growth performance of the poor states.

Suggested Citation

  • Sayantan Ghosh Dastidar & Nicholas Apergis, 2022. "Holidays and economic growth: Evidence from a panel of Indian states," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 30(1), pages 33-50, January.
    • Handle: RePEc:wly:ectrin:v:30:y:2022:i:1:p:33-50
    DOI: 10.1111/ecot.12282
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