UGC Approved Journal no 63975

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 1 Issue 2
July-2014
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1701295


Registration ID:
301141

Page Number

1783-1797

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Title

Theoretical & Empirical investigation for the presence of Kuznets curve for two Indian States – Bihar and Maharashtra

Authors

Abstract

Economists have been arguing whether there is a Kuznets curve for countries for quite a long time, in reality, rare people care about Kuznets curve within a country. This work investigates theoretically and empirically the possibility of Kuznets curve in two states of India – Bihar and Maharashtra. Time series data for the period 1996 to 2010 is used to analyze the relationship between economic growth, development level and income distribution inequality, so as to verify whether the Kuznets curve is applicable within India. Further, the impact of economic development on inequality is analyzed using multi-variable OLS regression technique and also develops an augmented Kuznets’ curve. Towards the end, the work studies convergence in these states building upon Solow’s idea of convergence. The results show the presence of Kuznets curve in the process of economic growth in both states Bihar and Maharashtra in India, namely there is a reversed U-shaped relationship between economic growth and income inequality. At the same time, there exists a direct U augmented Kuznets’ curve for Maharashtra while a positive hence destructive relation between development and inequality in Bihar. As for the convergence, the theory does seem to have ground with respect to these two states.

Key Words

Economics Growth, Inequality, Augmented Kuznets’ curve, Bihar, Maharashtra. JEL Classification: D63, I25, P23, R21

Cite This Article

"Theoretical & Empirical investigation for the presence of Kuznets curve for two Indian States – Bihar and Maharashtra", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.1, Issue 2, page no.1783-1797, July-2014, Available :http://www.jetir.org/papers/JETIR1701295.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Theoretical & Empirical investigation for the presence of Kuznets curve for two Indian States – Bihar and Maharashtra", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.1, Issue 2, page no. pp1783-1797, July-2014, Available at : http://www.jetir.org/papers/JETIR1701295.pdf

Publication Details

Published Paper ID: JETIR1701295
Registration ID: 301141
Published In: Volume 1 | Issue 2 | Year July-2014
DOI (Digital Object Identifier):
Page No: 1783-1797
Country: -, -, - .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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