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|Title:||Poverty, heterogeneous elite, and allocation of public spending: Panel evidence from the Indian States|
|Keywords:||Literacy rates;Landed elite;Capitalist elite;Minority elite;Marginalised poor;Public education spending;Panel estimates;Endogeneity bias;Indian states|
|Citation:||Economics and Finance Working Paper, Brunel University, 10-20|
|Abstract:||In this paper, we explore how in the world’s largest democracy, India, the presence of different elite groups – the dominant landed and capitalist elite and the minority elite (who are the elected representatives of the marginalised women and low caste population) – could affect the nature and extent of public spending on various accounts, especially education. Our results suggest that the dominant landed elite tends to be unresponsive to the underlying poverty rate while the capitalist elite respond to the poverty rate by increasing the share of education spending. After controlling for all other factors, presence of the minority elite has a limited impact, if at all. Results are robust to alternative specifications.|
|Appears in Collections:||Economics and Finance|
Dept of Economics and Finance Research Papers
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