Unformatted text preview: (iii) reduces overall manufacturing output. Empirical Evidence Data for 16 main states in India: 1958-92 ◦ Income (Total, Non-agricultural, Total Manufacturing, Registered and unregistered manufacturing) ◦ Within registered manufacturing (Employment, ±ixed capital, Earn-ings, Value added per worker) ◦ Poverty (Urban, Rural) Regression of the form y st = s + β t + θ r st − 1 + ξ x st + ε st y st – variable of interest (typically in logs) s – state Fxed effects Development Economics, LSE Summer School 2007 31...
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- Spring '10
- Economics, Capital accumulation, total manufacturing, unregistered manufacturing sector