Is there conditional convergence in the per capita incomes of BIMAROU states in India?

Mishra, A and Mishra, V 2018, 'Is there conditional convergence in the per capita incomes of BIMAROU states in India?', Economic Modelling, vol. 70, pp. 429-437.


Document type: Journal Article
Collection: Journal Articles

Title Is there conditional convergence in the per capita incomes of BIMAROU states in India?
Author(s) Mishra, A
Mishra, V
Year 2018
Journal name Economic Modelling
Volume number 70
Start page 429
End page 437
Total pages 9
Publisher Elsevier
Abstract The stochastic income convergence hypothesis is examined for five BIMAROU (Bihar, Madhya Pradesh, Rajasthan, Orissa and Uttar Pradesh) states in India for the period 1960-2012 using the univariate Narayan and Popp (2010) unit root test with two structural breaks. The per capita incomes of all BIMAROU states, except Uttar Pradesh, are found to be stochastically converging in the long run. Significant structural breaks are detected in the relative per capita income series of the BIMAROU states. Most of the breaks spotted in the relative per capita income series correspond with periods of political uncertainty and regime change in the state elections.
Subject Economic Development and Growth
Keyword(s) BIMAROU
Convergence
Income
India
Unit root
DOI - identifier 10.1016/j.econmod.2017.08.017
Copyright notice © 2017 Elsevier B.V. All rights reserved.
ISSN 0264-9993
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