The Journal of Income and Wealth
  • Year: 2010
  • Volume: 32
  • Issue: 2

Regional economic growth and inequality in india during pre- and post-reform periods

  • Author:
  • Madhusudan Ghosh
  • Total Page Count: 18
  • Page Number: 71 to 88

Department of Economics & Politics, Visva-Bharati University.

JEL classification: C22, O11, O47, O53.

Abstract

This paper evaluates economic performance of 15 major states in India during 1960/61–2006/07, and examines whether initially disparate states display any tendency in real per capita income to converge to or diverge from a common steady state path during the pre- and post-reform periods. Although growth performance has improved substantially in the post-reform period relative to the pre-reform, there has been a wide variation in growth performance of the states.

Keywords

Economic reforms, Growth, Convergence, Regional inequality, Unit root