Changing Dimensions of Growth in Haryana

Posted: 8 Jun 2011

See all articles by Sushil Kumar Bhadu

Sushil Kumar Bhadu

Kurukshetra University - Institute of Management Studies

Anupreet Kaur Mavi

Punjab University - University Institute of Applied Management Sciences

Date Written: March 5, 2008

Abstract

In today’s era of globalization, the role of various sectors in the development of economy - namely, primary, secondary and tertiary - is changing day by day. As in the past, agriculture was the dominating sector in the countries like India but with rapid policy changes, the secondary and tertiary sectors seem to be gaining importance. Due to changes in the general level of affluence the indicators like per capita and GDP become the most important for development and with increasing product complexity and life expectancy, the tertiary sector is gaining more importance because of increased demand of services. So in the present paper we briefly examined the impact of sector-wide production and power consumption on the Gross State Domestic Product of Haryana using logit regression analysis and found that 1% change in primary sector production leads to 0.38% increase in GSDP; 1% change in secondary sector production leads to .48% change in GSDP; and 1% change in tertiary sector leads to .25% increase in GSDP. All three sectors are found to be statistically significant at 1% level of significance. The total paper is divided into five sections: the introduction, review of related literature, research methodology, data analysis and its interpretation, and the conclusion.

Keywords: globalization, GDP, Gross State Domestic Product

JEL Classification: A1

Suggested Citation

Bhadu, Sushil Kumar and Mavi, Anupreet Kaur, Changing Dimensions of Growth in Haryana (March 5, 2008). Available at SSRN: https://ssrn.com/abstract=1859772

Sushil Kumar Bhadu (Contact Author)

Kurukshetra University - Institute of Management Studies ( email )

Kurukshetra, Haryana 136119
India
9466334730 (Phone)

Anupreet Kaur Mavi

Punjab University - University Institute of Applied Management Sciences ( email )

Punjab University
Chandigarh
India

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