V-Factor: Distribution, timing and correlates of the the great Indian growth turnaround

Discussion Papers from Indian Statistical Institute, Delhi

Abstract: The ratio of Indian to US per capita output over the past 45 years has displayed a distinctive "V"-shaped pattern. We show that a strikingly similar V-shaped pattern is visible not just in aggregate output figures, but also as the primary determinant of long-term movements in the cross-sectional distribution within the All-India total, at both sectoral and state output levels. We also carry out preliminary investigations of correlates of the "VFactor", using a new panel data set for Indian states from 1960 to 2005 that extends and encompasses all previous datasets relevant to macroeconomic analysis of the Indian states.

Keywords: Principal Components; Convergence; Divergence; Indian states (search for similar items in EconPapers)
JEL-codes: O10 O40 O47 O53 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2008-03
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: The “V-factor”: Distribution, timing and correlates of the great Indian growth turnaround (2012)
Working Paper: The "V-Factor": Distribution, Timing and Correlates of the Great Indian Growth Turnaround (2009)
Working Paper: The "V-Factor": Distribution, Timing and Correlates of the Great Indian Growth Turnaround (2008)
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