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Re-examination of convergence hypothesis among Indian states in panel stationarity testing framework with structural breaks

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posted on 2024-11-23, 10:35 authored by Ankita MishraAnkita Mishra, Vinod Mishra
This article examines the conditional income convergence hypothesis for 17 major states in India for the period of 1960-2012. Univariate stationarity tests without structural breaks provide evidence against the convergence hypothesis. However, when two or more structural breaks are applied in per capita income series, the incomes of around 11-13 states are found to stochastically converge to the national average. This finding supports the convergence hypothesis for the panel as a whole after accounting for two data features, cross-sectional dependence and structural breaks in incomes, using a unified panel stationarity testing framework.

History

Journal

Applied Economics

Volume

50

Issue

3

Start page

268

End page

286

Total pages

19

Publisher

Routedge

Place published

United Kingdom

Language

English

Copyright

© 2017 Informa UK Limited, trading as Taylor and Francis Group

Notes

This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics on 25 April 2017, available online: http://www.tandfonline.com/10.1080/00036846.2017.1319559

Former Identifier

2006079241

Esploro creation date

2020-06-22

Fedora creation date

2018-09-21

Open access

  • Yes

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