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Asia-Pacific Development Journal

The Asia-Pacific Development Journal (APDJ) is published twice a year by the United Nations Economic and Social Commission for Asia and the Pacific. The primary objective of the APDJ is to provide a platform for the exchange of knowledge, experience, ideas, information and data on all aspects of economic and social development issues and concerns facing the region and aims to stimulate policy debate and assist policy formulation. The APDJ provides a scholarly means for bringing together research work by eminent social scientists and development practitioners from the region and beyond for use by a variety of stakeholders. The Journal aims to stimulate policy debate and assist policy formulation in the region.

English

Institutions and the quality of governance: An empirical study on interstate differences in economic development in India

Economic performance is closely linked to the existence of good institutions. However, the quality of governance has also been identified as an important factor that affects economic growth and development. This paper empirically examines the significance of these factors in explaining variations in the per capita GDP of the Indian states and the extent of industrialization across them. Towards this end, indices for institutions—such as the protection of property rights, the efficiency of the legal system at the state level and the rule of law—as well as indicators of the extent and quality of State intervention and political stability, have been constructed to bring them into an empirically testable format. Empirical findings suggest that the quality of governance is significant in explaining the variations in state per capita GDP. Institutional factors play a significant role in explaining variations in the extent of industrialization across the Indian states.

English

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