Regional income convergence in India: A Bayesian Spatial Durbin Model approach
A debate on the regional disparity is always an interesting topic. This study analysed the regional income disparity in India during 1980 – 2010, which contains pre, early and later reform periods. The study used per capita GSDP data from Central Statistical Organisation. First, the study reviewed various growth models and suggests that spatial durbin model of Fingleton and Lopez-Bazo(2006) is empirically useful. Second, this study estimated parameters of Bayesian Spatial Durbin Model and disscussed the convergence hypothesis in the light of LeSange and Fischer (2008) formulation. The study concludes that the later reform period has witnessed beta convergence due to feedback effect.
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| Date of creation: | 05 Mar 2013 |
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| Handle: | RePEc:pra:mprapa:44744 |
| Contact details of provider: | Postal: Ludwigstraße 33, D-80539 Munich, Germany Phone: +49-(0)89-2180-2459 Fax: +49-(0)89-2180-992459 Web page: https://mpra.ub.uni-muenchen.de More information through EDIRC
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References listed on IDEAS
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- Seya, Hajime & Tsutsumi, Morito & Yamagata, Yoshiki, 2012. "Income convergence in Japan: A Bayesian spatial Durbin model approach," Economic Modelling, Elsevier, vol. 29(1), pages 60-71.
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