title: Health expenses and economic growth: convergence dynamics across the Indian States.
abstract: In this paper we explore convergence of real per capita output and health expenses across the Indian States. The new panel convergence methodology, developed by Phillips and Sul (Econometrica 75:1771-1855, 2007), is employed. The empirical findings suggest that these States form distinct convergent clubs, exhibiting considerable heterogeneity in the underlying growth and health expenses factors. These findings should help policy makers in designing appropriate growth-oriented and/or health sector programs and setting priorities in their implementation.
authors.affiliation: Department of Banking and Financial Management, University of Piraeus, Piraeus, Greece, napergis@unipi.gr.
authors.forename: Nicholas
authors.initials: N
authors.lastname: Apergis
authors.forename: Puja
authors.initials: P
authors.lastname: Padhi
mesh_terms: D057217:Economic Development; D036262:Empirical Research; D059066:Gross Domestic Product; D005102:Health Expenditures; D006801:Humans; D007194:India; D017059:Models, Econometric
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