Regional Growth Dynamics in India in the Post-Economic Reform Period Book

List of Tables     xi
List of Figures     xiii
Preface     xv
Acknowledgements     xvii
List of Abbreviations     xix
Introduction     1
Growth Performance     13
Alternative approaches to the states' economic performance     14
Data issues     17
Behaviour of growth: spatial and temporal dimensions     21
Sectoral growth in the post-reform period     26
Variability of state domestic product     30
Sectoral shares in output     32
Sectoral contribution to growth     36
Concluding observations     38
Data issues     41
A note on projection of output and population     43
SDP estimation methodology: co-ordination between CSO and DoS     47
Income Inequality     55
Income differential across states     57
Rank analysis     59
Inequality measures     63
Convergence analysis     70
Concluding observations     84
Kendall's Coefficient of Concordance     88
Construction of Rank Concordance Index     89
Gini decomposition of sectoral inequality (1981-93)     91
Absolute convergence cross-section dimension     94
Absolute convergence panel dimension     95
Ranking of states (1981-93)     96
Issues in convergence estimation: cross-section and panel data models     97
State Finances     101
Evolution of public finances     103
Major fiscal reform initiatives at the state level     111
The cyclical character of fiscal policy     113
Fiscal stance: significance and consequence for inflation     116
Concluding observations     123
Computation of fiscal impulse     124
Decomposition of primary deficit     125
Decomposition of deficit: estimation procedure     129
Analytics of Credit-Output Behaviour for Indian States     133
Review of the literature     138
Pattern of growth and credit allocation     142
Econometric methodology     145
Empirical results     153
Concluding observations     155
Time series error correction mechanism results     158
Time series unit root tests     160
Time series cointegration evidence     162
Panel unit root tests     165
Changing share of output and credit in the states      166
Changing growth of output and credit in the states     167
Regional Rural Banks: Restructuring Strategies     169
Restructuring strategies     171
Performance of regional rural banks in the spatial dimension: some stylized facts     173
Review of the literature     180
Data and methodology     183
Empirical results     187
Restructuring in practice     188
Conclusion     195
The basis for the umbilical cord hypothesis     197
Agricultural Growth in Indian States: The Case of Orissa     199
Orissa's economic performance     202
Overview of agriculture in Orissa     205
Review of the literature     211
Modelling agricultural performance     213
Conclusion     223
Notes     225
Bibliography     233
Index     247