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    Economic reforms, growth and well-being: evidence from India

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    Arora_Journal_of_Economic_Policy_Reform.pdf (287.3Kb)
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    Publication date
    2015
    Author
    Arora, Rashmi
    Ratnasiri, S.
    Keyword
    Sub-national; India; Economic growth; Well-being index; Economic reforms
    Rights
    © 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
    Peer-Reviewed
    Yes
    
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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.
    URI
    http://hdl.handle.net/10454/8497
    Version
    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.
    Link to publisher’s version
    http://dx.doi.org/10.1080/17487870.2014.920706
    Type
    Article
    Collections
    Social Sciences Publications

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