Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

Rajiv Khosla ¹, H. S. Sidhu ², Sharanjit Singh Dhillon ²

Affiliations
1 Department of Business Management, Chandigarh Group of Colleges, Mohali 140307, IN
2 Punjab School of Economics, Guru Nanak Dev University, Amritsar 143005, IN

Abstract

This paper deals with the development of agro-based industries in the context of a fast growing predominantly agrarian, constrained open economy of Punjab. A set of agro-based industries have been identified on the basis of pattern, performance and scope of the industry within the state and comparative advantage vis-à-vis other states of India which can become future of Punjab’s future industrialization strategy.

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Prabhjot Kaur ¹, Sharanjit Singh Dhillon ²

Affiliations
1 Punjab School of Economics, Guru Nanak Dev University, Amritsar-143005, Punjab, IN
2 Guru Nanak Dev University, Amritsar-143005, Punjab, IN

Abstract

The concept of σ-convergence and unconditional β-convergence has been applied to the components of human development-health status (measured by average life expectancy); education status (measured by adult literacy rate); per capita gross domestic product and aggregate human development index in order to examine whether poor countries are catching up the rich or not. The results of the study indicate the presence of σ and β convergence for human development index, health status and education status. However, in case of per capita gross domestic product neither σ nor unconditional β-convergence has been observed. The presence of convergence in terms of indicators of education and health gives some hope of convergence in income also, but may take some time.

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