000			01712nam a22001457a 4500
999			_c529875 _d529875
008			250513b ||||| |||| 00| 0 eng d
100			_aKumar, Gulshan and Kaur, Sandeep _952998
245			_aPolitical stability and economic growth: Evidence from India
260			_aIndian Journal of Public Administration
300			_a71(1), Mar, 2025: p.10-24
520			_aPolitical stability, defined in terms of stability in government and the absence of violence and conflict within the country, is a vital institutional factor affecting economic growth. The present study investigates the relationship between political stability and economic growth in India for the years 1996–2021, using autoregressive and distributive lag models. After validating the existence of levels of relationship, it emerged that long-term political stability might not be conducive to growth in India. The results countered the existing theoretical frameworks whereby political instability hinders economic growth and political stability facilitates it. In contrast, the limited nature of the tenure forces the governments to consider the needs of people and re-election incentivises them to design prolific policies. When the power is concentrated in the hands of the executive or policymakers for a long period of time, the bargaining power of economic agents might be rendered ineffective and the state might have little incentive to promote growth.- Reproduced https://journals.sagepub.com/doi/full/10.1177/00195561241284884
650			_aTime series models, Ciontegratio, Political stability, Economic growth, Government and growth, India. _952999
773			_aIndian Journal of Public Administration
942			_cAR