Trends of Economic Growth and Population Change in Rajasthan: A District Level Panel Data Investigation

M. R. Singariya^1,

¹Lecturer in Economics, Govt. College Jaitaran (Raj)

Cite this paper:
M. R. Singariya. Trends of Economic Growth and Population Change in Rajasthan: A District Level Panel Data Investigation. International Journal of Econometrics and Financial Management. 2014; 2(1):22-27. doi: 10.12691/ijefm-2-1-3

Abstract

The present paper highlights the trends of economic growth in the economy of Rajasthan and discusses its relative share in the national economy of India. It reviews the trends of year-wise growth rate of per capita net national product in India, per capita net state domestic product for Rajasthan state and per capita net district domestic product for districts of Rajasthan for the period of 2004-05 to 2012-13. It is indicative of the fact that the economy of Rajasthan has registered many ups and downs in the growth trajectory, but the current decade is a period of fair stability and positive growth. Results of Random Effects Model suggest that one percentage point increase in population will be able to increase per capita NDDP by 1.125 percent for twenty nine districts of Rajasthan. District dummies show that higher per capita district domestic product districts like Rajsamand and Jaisalmer have a significant positive association while Jaipur, Alwar, Jodhpur, Barmer, Bharatpur and Sikar have a significant negative association with population. In low fifteen per capita income districts only Nagaur district was observed as negatively and significantly associated with population, while Baran, Bundi and Sirohi have been observed as significantly and positively associated with the population.

Keywords:
economic growth random effects districts Rajasthan

This work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

Figures

References:

[1]	Ahluwalia, Montek S. (2000), “Economic Performance of States in Post-Reforms Period”, Economic and Political Weekly, May 6, pp. 1637-1648.
[2]	Barro, R. J. (1991), “Economic Growth in a Cross-Section of Countries”, Quarterly Journal of Economics 106: 501-526.
[3]	Bhattacharya, B.B. and Mitra, Arup (1990): “Excess Growth of Tertiary Sector in Indian Economy-Issues and Implications”, Economic and Political Weekly, November 3.
[4]	Bhattacharya, B.B. and Sakhtivel, S. (2004) “Regional Growth and Disparity in India – Comparison of pre and post Reform Decades”, Economic and Political Weekly, Vol. 29 (10), March 6, 1071-1077.
[5]	Chenery, Hollis B. and Lance J. Taylor (1968), Development Pattern: Among Countries and Over Time’, Review of Economics and Statistics, November.
[6]	Chenery, Hollis B. and Moshe Syrquin (1975), Patterns of Development, 1950-1970, Oxford University Press.
[7]	David E.Bloom & Richard B. Freeman (1986), “Population Growth, Labor Supply and Employment in Developing Countries” Working Paper 1837, National Bureau of Economic Research, Cambridge.
[8]	Das, S. K. and A. Barua (1995), “Regional Inequalities, Economic Growth and Liberalisation: A Study of the Indian Economy”, Journal of Development Studies, Vol. 32, No. 3, pp. 364-390.
[9]	Krishna, K.L. (2004), “Patterns and Determinants of Economic Growth in Indian States” Working paper 144, ICIER.
[10]	Kurian N. J. (2000): “Widening Regional Disparities in India: Some Indicators”, Economic and Political Weekly, February 12.
[11]	Mathur, A. (2001), “National and Regional Growth Performance in the Indian Economy: A Sectoral Analysis”, paper presented at National Seminar on Economic Reforms and Employment in Indian Economy, IAMR.
[12]	Nagaraj, R. (2008) “India’s Recent Economic Growth: A Closer Look”, Economic and Political Weekly, April 12, Vol. XLIII, No.15.
[13]	Nair, K.R.G. (1982), “Regional Experience in a Developing Economy”, Wiley Eastern, New Delhi.
[14]	Nobuya Haraguchi & Gorazd Rezonja (2010), “Emerging Patterns of Manufacturing, Structural Change” Working paper 04, Development Policy and Strategic Research Branch.
[15]	Roy Choudhury, U.D. (1993), “Interstate Variations in Economic Development and Standard of Living”, NIPFP, New Delhi.