Is there conditional convergence in the per capita incomes of BIMAROU states in India?

Ankita Mishra, Vinod Mishra

Research output: Contribution to journalArticleResearchpeer-review

4 Citations (Scopus)

Abstract

The stochastic income convergence hypothesis is examined for five BIMAROU (Bihar, Madhya Pradesh, Rajasthan, Orissa and Uttar Pradesh) states in India for the period 1960–2012 using the univariate Narayan and Popp (2010) unit root test with two structural breaks. The per capita incomes of all BIMAROU states, except Uttar Pradesh, are found to be stochastically converging in the long run. Significant structural breaks are detected in the relative per capita income series of the BIMAROU states. Most of the breaks spotted in the relative per capita income series correspond with periods of political uncertainty and regime change in the state elections.

Original languageEnglish
Pages (from-to)429-437
Number of pages9
JournalEconomic Modelling
Volume70
DOIs
Publication statusPublished - 1 Apr 2018

Keywords

  • BIMAROU
  • Convergence
  • Income
  • India
  • Unit root

Cite this