Rostow’s Stages of Growth Model, 'Urban Bias' and Sustainable Development in India
Li, Rita Yi Man and Hung Ronald (2013) Rostow’s Stages of Growth Model, “Urban Bias” and Sustainable Development in India, Journal of Contemporary Issues in Business Research, 2(5), pp.170-178
9 Pages Posted: 9 Jul 2013
Date Written: July 7, 2013
The essence of sustainable development stresses the co-development of social, environment and economics. With the help from Rostow’s Stages of Growth Model, we try to figure out the stage where India is now currently in. As many of the previous studies show that there are serious pollution problems alongside economic development in developing countries. We firstly study the relationship between India’s economy and carbon dioxide emission by Granger Causality tests. We find that the development of India is not balanced, especially when we try to compare rural and urban areas. We finally propose that diversification in industries can strengthen sustainable development in India.
Keywords: Sustainable development, Rostow’s Stages of Growth Model, Granger Causality
JEL Classification: N55, O18, F43, O40
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