Economics, Econometrics and Finance
8 years ago

Income convergence among Indian states challenges traditional economic theories.

1 view
Applied Economics
Re-examination of convergence hypothesis among Indian states in panel stationarity testing framework with structural breaks
Ankita Mishra, Vinod Mishra

Paper Summary

The article looks at whether different states in India are getting closer in terms of income levels over time. Initially, tests suggest they are not. But when considering breaks in income trends, around 11-13 states are actually moving towards the national average income. This means that, overall, there is evidence supporting the idea that states in India are converging in terms of income levels.

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