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Growth, Inequality and Structural Adjustment: An Empirical Interpretation of the S-Curve for Indian Economy

  • Narain Sinha

    ()

Extending the Kuznets' hypothesis of economic growth (KHEG) an attempt is made in the present paper to examine its validity for the Indian Economy during the period 1980-81 through 1997-98. The results provide an econometric explanation for the increase in inequality after 1990-91 and seek to defend the strategy of economic development followed in India. The conclusions suggest that the reason for the inequalities lies in the social and political restructuring taking place in the Indian economy. Need therefore is to investigate the social decomposition of the economic inequality.

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File URL: https://crawford.anu.edu.au/acde/asarc/pdf/papers/2004/WP2004_16.pdf
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Paper provided by The Australian National University, Australia South Asia Research Centre in its series ASARC Working Papers with number 2004-16.

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Length: 15
Date of creation: 2004
Date of revision:
Handle: RePEc:pas:asarcc:2004-16
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  1. Robinson, Sherman, 1976. "A Note on the U Hypothesis Relating Income Inequality and Economic Development," American Economic Review, American Economic Association, vol. 66(3), pages 437-40, June.
  2. repec:cup:cbooks:9780521650694 is not listed on IDEAS
  3. Cecilia Garcia-Penalosa & Eve Caroli & Philippe Aghion, 1999. "Inequality and Economic Growth: The Perspective of the New Growth Theories," Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1615-1660, December.
  4. Peter Gottschalk & Timothy M. Smeeding, 1997. "Cross-National Comparisons of Earnings and Income Inequality," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 633-687, June.
  5. Kanbur, Ravi, 2000. "Income distribution and development," Handbook of Income Distribution, in: A.B. Atkinson & F. Bourguignon (ed.), Handbook of Income Distribution, edition 1, volume 1, chapter 13, pages 791-841 Elsevier.
  6. Gaurav Datt, 1999. "Has Poverty Declined since Economic Reforms? Statistical Data Analysis," Monash Economics Working Papers archive-31, Monash University, Department of Economics.
  7. Greenwood, Jeremy & Jovanovic, Boyan, 1988. "Financial Development, Growth, And The Distribution Of Income," Working Papers 88-12, C.V. Starr Center for Applied Economics, New York University.
  8. Persson, T. & Tabellini, G., 1993. "Is Inequality Harmful for Growth," Papers 537, Stockholm - International Economic Studies.
  9. Ram, Rati, 1995. "Economic Development and Income Inequality: An Overlooked Regression Constraint," Economic Development and Cultural Change, University of Chicago Press, vol. 43(2), pages 425-34, January.
  10. Tribble, Romie, Jr, 1999. "A Restatement of the S-Curve Hypothesis," Review of Development Economics, Wiley Blackwell, vol. 3(2), pages 207-14, June.
  11. P. J. Dawson, 1997. "On testing Kuznets' economic growth hypothesis," Applied Economics Letters, Taylor & Francis Journals, vol. 4(7), pages 409-410.
  12. Anand, Sudhir & Kanbur, S. M. R., 1993. "The Kuznets process and the inequality--development relationship," Journal of Development Economics, Elsevier, vol. 40(1), pages 25-52, February.
  13. List, John A & Gallet, Craig A, 1999. "The Kuznets Curve: What Happens after the Inverted-U?," Review of Development Economics, Wiley Blackwell, vol. 3(2), pages 200-206, June.
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