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Status: Unchecked ×Keyword: debt structure ×Clear all

2 claims from 1 paper

1. Economics, Econometrics and Finance › Fiscal Policies and Political Economy

   Does debt convergence hold in case of India?

   Akram and Rath · Journal of Economic Studies · 2019

   The paper tests whether public debt converges across Indian states from 1990–91 to 2014–15, finding overall divergence but convergence within some groups and for some types of loan.

   Unchecked2 claims
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   1. UncheckedIndian states fall into four groups by debt level, and three of these groups show convergence in debt, though not the states overall.“States are formed into four clubs on the basis of their level of debt, and three clubs support the hypothesis of club convergence.”
   2. UncheckedAcross Indian states, market loans and bank loans show debt convergence, but loans and advances from the central government show divergence overall.“The existence of convergence is found for market loans and bank loans; however, the presence of divergence is found in case of loans and advances for overall states.”