Institution of politically motivated policy certainty of government on economic growth: a study among major Indian states
This paper theoretically tries to explore the impact of politically motivated policy certainty of a government guided by the norm of equality of income on economic growth and also tries to examine its empirical validity on major Indian states. This paper lends credence to the fact that politically motivated policy uncertainty among most of the major Indian states under this study has positive impact on their economic growth. This study suggests that the policy of attaining inclusive growth for Indian states should be formalized in such a way that equality in income distribution and economic growth should be attained simultaneously.
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- Alberto Alesina & Dani Rodrik, 1991.
"Distributive Politics and Economic Growth,"
NBER Working Papers
3668, National Bureau of Economic Research, Inc.
- Yi Feng, 2005. "Democracy, Governance, and Economic Performance: Theory and Evidence," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262562111, June.
- Alberto Alesina & Sule Ozler & Nouriel Roubini & Phillip Swagel, 1992.
"Political Instability and Economic Growth,"
NBER Working Papers
4173, National Bureau of Economic Research, Inc.
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