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Growth, Inequality and Structural Adjustment: An Empirical Interpretation of the S-Curve for Indian Economy

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  • Narain Sinha

Abstract

Extending the Kuznets' hypothesis of economic growth (KHEG) an attempt is made in the present paper to examine its validity for the Indian Economy during the period 1980-81 through 1997-98. The results provide an econometric explanation for the increase in inequality after 1990-91 and seek to defend the strategy of economic development followed in India. The conclusions suggest that the reason for the inequalities lies in the social and political restructuring taking place in the Indian economy. Need therefore is to investigate the social decomposition of the economic inequality.

Suggested Citation

  • Narain Sinha, 2004. "Growth, Inequality and Structural Adjustment: An Empirical Interpretation of the S-Curve for Indian Economy," ASARC Working Papers 2004-16, The Australian National University, Australia South Asia Research Centre.
    • Handle: RePEc:pas:asarcc:2004-16
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    File URL: https://crawford.anu.edu.au/acde/asarc/pdf/papers/2004/WP2004_16.pdf
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    References listed on IDEAS

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    8. Cecilia Garcia-Penalosa & Eve Caroli & Philippe Aghion, 1999. "Inequality and Economic Growth: The Perspective of the New Growth Theories," Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1615-1660, December.
    9. Peter Gottschalk & Timothy M. Smeeding, 1997. "Cross-National Comparisons of Earnings and Income Inequality," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 633-687, June.
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    Cited by:

    1. Udaya R. Wagle, 2008. "How Have the Poor in South Asia Fared between 1980 and 2004? An Assessment of Living Conditions," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 9(2), pages 261-292, September.
    2. Muhammad Shahbaz, 2010. "Income inequality‐economic growth and non‐linearity: a case of Pakistan," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 37(8), pages 613-636, July.

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