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- Jena Economic Resea...
- Volume 3
- The “V-Factor”: Dis...
The “V-Factor”: Distribution, Timing and Correlates of the Great Indian Growth Turnaround
- Autor(in)
- Erschienen
- 1. Februar 2009
- Nummer des Discussion-Papers
-
2009-010
- Schlagwort(e)
-
Convergence
Divergence
Economic Growth
Factor Models
Indian States
Principal Components
- Zusammenfsg.
-
Following Bai (2004) and Bai and Ng (2004) we estimate a common factor representation of a panel of output series for India, disaggregated by 15 states and 14 broad industry groups. We find that a single common "V-Factor" accounts for a large part of the significant shift in the cross-sectional distribution of state-sectoral output growth rates since the mid -1980s. The time profile of the V-Factor appears to be closely related to trade liberalization.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- economics
- JEL-Classification for JER
- O10 - General ; O40 - General ; O53 - Asia including Middle East ; O47 - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence