Public Expenditure and Income in India : An Inter State Analysis

Contents: Foreword. Preface. 1. Introduction. 2. Public expenditure: theoretical issues. 3. Studies in Public expenditure and regional inequalities. 4. Inter-state analysis: research methodology. 5. Rates of growth and long-term trend paths in public expenditure. 6. Structural changes in public expenditure. 7. Inter-state divergences in real per capita public expenditure. 8. Public expenditure as a percentage of income. 9. Public expenditure vis-a-vis income and human development index. 10. Inter-relationships and causal linkage between public expenditure and income. 11. Conclusion and policy implications. Bibliography. Index.

The book covers certain dynamic aspects of Public Expenditure at aggregated and disaggregated levels by various state governments of India. It covers growth and structural pattern of public expenditure by 17 major states of India covering the period of 21 years. Besides an attempt has been made to identify the major sources of inter-state divergences with respect to real per capita public expenditure. Also the presence and speed of alpha and beta convergence among the states with respect to public expenditure and human development index has been examined. Granger causality analysis was also performed to check the direction of causality in order to examine the validity of two alternative hypotheses viz, due to keynes and due to Wagner.

The book will be of immense use to students teachers researchers and policy makers in having the in-depth knowledge about various aspects of state governments expenditure in India. (jacket)