Price dispersion across Indian states: A club convergence analysis

Jangam, Bhushan Praveen and Akram, Vaseem and Sahoo, Pradipta Kumar (2020) Price dispersion across Indian states: A club convergence analysis. Journal of Public Affairs. ISSN 1472-3891 (In Press)

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Abstract

This study examines the price convergence across 28 Indian states and 7 union territories at an aggregate and subgroups level over the period 2011–12 to 2017–18. We employ a novel approach of Phillips and Sul panel convergence technique, which accounts for transitional dynamics and heterogeneity in the panel. The results suggest price divergence and evidence of clubs across Indian states at both aggregate and subgroup level. The outcomes of this study help policymakers in addressing the price dispersion across states, which in turn improves the market integration, allocation of resources, and standard of living.

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