revenues and spends these revenues on public education. We simulate the model to a state in India and experimentally increase …

India, disaggregated by 15 states and 14 broad industry groups. We find that a single common "V-Factor" accounts for a large …

This paper presents a comprehensive set of stylised facts for business cycles in India from 1950-2010. We show that … persistence however, India looks more similar to advanced economies, and less like other emerging market economies. We argue that …". -- Emerging Market Business Cycle Models ; Structural Change ; India's Economic Reforms ; Good Luck Hypothesis …

, infrastructure, and literacy rates, as well as state-level effects, have all contributed to the lack of absolute convergence in India. …