000			01270nam a22001817a 4500
999			_c513497 _d513497
008			200303b ||||| |||| 00| 0 eng d
100			_aHembram, Sulekha _916456
245			_aClub convergence among the major Indian States during 1982-2014: Does investment in human capital matter?
260			_bSouth Asia Economic Journal
300			_a20(2), Sep, 2019: p.184-204.
520			_aThe objective of this study is to investigate the presence of ‘club convergence’ in respect of income among 15 major states in India during 1982–2014 using Markov chain along with stochastic kernel. The distributional dynamics observed among the major states support the process of ‘club convergence’. The empirical findings prove the hypotheses that economies that are similar in their structural characteristics and initial per capita income levels will converge with each other in per capita terms in the long run. The present study empirically re-establishes the hypotheses of ‘low-level equilibrium trap’ caused by low human capital investment. - Reproduced.
650			_aClub convergence _916457
700			_aMaji, Souparna _916458
700			_aHaldar, Sushil Kr. _916459
773			_aSouth Asia Economic Journal
906			_aHuman capital
942			_cAR