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Publication Date
2015
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© 2015 Taylor & Francis. This is an Author's Original Manuscript of an article published by Taylor & Francis in the Journal of Economic Policy Reform in 2015 available online at http://www.tandfonline.com/10.1080/17487870.2014.920706
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Abstract
This study examined economic well-being of sub-national units in India since the
economic reforms. For this purpose, the study constructed well-being index for 17
major states of India for the period 1981–2011 based on five broad dimensions. Our
results showed that the economic well-being of states has declined since the reforms.
The interstate disparities have increased and the states (except Punjab and West
Bengal) which performed well prior to the reforms continued to perform well in the
post-reform years too. In addition, our regression results for the high well-being and
low well-being states revealed that the reforms have benefited more developed high
well-being states, rather than low well-being states. While human capital was found
significantly and positively related to per capita incomes in both groups of the
states, financial development was positively related in high well-being states, but a
negative association was visible in the low well-being states.
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final draft paper
Citation
Arora RU and Ratnasiri S (2015) Economic reforms, growth and well-being: evidence from India. Journal of Economic Policy Reform. 18(1): 16-33.
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