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Internal Migration, Center-State Grants, and Economic Growth in the States of India

Internal Migration, Center-State Grants, and Economic Growth in the States of India »

Source: IMF Staff papers, Volume 43 No. 1

Volume: 43

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1996

ISBN: 9781451957099

Keywords: military spending, military expenditures, capital investment, resource allocation, cold war

This paper extends a standard growth model and obtains consistent panel data estimates of the growth retarding effects of military spending via its adverse impact on capital formation and resource allocation. Simul...