1.

Record Nr.

UNINA9910816282003321

Autore

Purfield Catriona

Titolo

Mind the gap : is economic growth in India leaving some states behind? / / Catriona Purfield

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, Asia and Pacific Dept., 2006

ISBN

1-4623-4274-4

1-4527-9555-X

1-283-51546-6

1-4519-0897-0

9786613827913

Edizione

[1st ed.]

Descrizione fisica

1 online resource (28 p.)

Collana

IMF working paper ; ; WP/06/103

Soggetti

Economic development - Econometric models

India Economic policy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"April 2006".

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. STYLIZED FACTS ABOUT GROWTH IN INDIA""; ""III. DO POLICIES MATTER?""; ""IV. CONCLUSION""; ""REFERENCES""

Sommario/riassunto

This paper examines how growth has varied across India's states. It finds that (i) the income gap between rich and poor states has widened; (ii) rich and faster-growing states have been more effective in reducing poverty; (iii) poor and slower-growing states have had little success in generating private sector jobs; (iv) labor and capital flows do little to close income gaps; and (v) the volatility in economic growth is greatest in poor states. Differences in states' policies affect the cross-state pattern of growth. Greater private sector investment, smaller governments, and better institutions are found to have a positive impact on growth.