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

被引：15
|
作者：
Mishra, Ankita [1 ]
Mishra, Vinod [2 ]
机构：
[1] RMIT Univ, Sch Econ Finance & Mkt, Melbourne, Vic, Australia
[2] Monash Univ, Dept Econ, Clayton, Vic 3800, Australia
来源：
APPLIED ECONOMICS | 2018年 / 50卷 / 03期
关键词：
India; panel unit root; structural break; convergence; EVALUATE GROWTH THEORIES; TIME-SERIES REGRESSION; UNIT-ROOT TESTS; ECONOMIC-GROWTH; REGIONAL DIVERGENCE; OECD COUNTRIES; PER-CAPITA; INCOMES; TRANSITORY; PERMANENT;
D O I：
10.1080/00036846.2017.1319559
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：268 / 286
页数：19
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