Economic Development and Structural Changes: An Empirical InvestigationPunjab presents a unique model of economic development based on agriculture. The industrial sector in the state is lagging and its structure is heavily baised towards small sector. The heavy industry is virtually non-existant as there are almost no minerals in the state. yet the state, during the plan period, had experienced almost the fastest growth amongst all states of the Indian Union. Punjab is the most prosperous Indian state, with highest per capita income and tops in most of the indices of performance. This book, thoroughly investigating the fundamental issue of inter-sectoral dependence, in the context of the growth of Punjab's economy, highlights that its growth experience not only betrays the irrelevance (to Punjab) of most writings about India but also underscroes the need for formulation of development strategies at the state level. |
Contents
A | 1 |
Data Base and Methodology | 14 |
Growth and Determinants of State Domestic Product | 23 |
Copyright | |
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Common terms and phrases
agricultural production agricultural sector agricultural terms agriculture and industry Amritsar analysis capita income cent in period constant prices current and constant current prices cyclical fluctuations declined Different Sectors domestic product economic development expenditure Factor Analysis Factor Loading foodgrains forward linkages green revolution Gujarat Guru Nanak Dev hectare income at current increased India industrial development inter-sectoral Jalandhar lakhs Ludhiana marketed surplus national income net domestic product non-primary income non-primary sector NSDP output Primary and Non-Primary Primary Sector Income Punjab Agricultural University Punjab economy rate of growth ratio regression analysis resource flows reveals Rupnagar rural Rural-Urban Migration secondary and tertiary Secondary Sector Income sector at current sector during current Selected Variables Affecting share of primary share of secondary sign shown significant Singh squared amplitude stationary time series tail test terms of trade tertiary sector trend growth rate urban centres urban population urbanisation variations wages workers