Analysing the Structural Change and Growth Relationship in IndiaEconomic and Political Weekly

By:
Nirvikar Singh
Date:
  • Article Title: Analysing the Structural Change and Growth Relationship in India
  • Title of Journal: Economic and Political Weekly
  • Vol #: 50
  • Issue #: 24

Examining the link between structural change and growth in India, this study constructs indices of structural change, and performs a panel data analysis using data for India's 16 major states. It finds that there is a one-way positive effect of structural change on growth during the 2000-06 period. This finding emerges when one allows the disturbances to be heteroscedastic, contemporaneously cross-sectionally correlated, and autocorrelated. The results are mostly reinforced when the sample is divided into richer and poorer states.

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