eBook - PDF

India's Economic Prospects - A Macroeconomic And Econometric Analysis

Name: India's Economic Prospects - A Macroeconomic And Econometric Analysis
ISBN: 9789812812575

A Macroeconomic and Econometric Analysis

Thampy Mammen,

380 pages
English
PDF
Available on iOS & Android

eBook - PDF

India's Economic Prospects - A Macroeconomic And Econometric Analysis

A Macroeconomic and Econometric Analysis

Thampy Mammen,

About this book

This book provides a macroeconomic analysis of the Indian economy. It is a long-run study that spans the period from 1950-51 to 1992-93, encompassing the various turning points in India's economic policy and development strategies. The macroeconometric model used in the book integrates the monetary and real sectors of the economy. In order to provide theoretical underpinnings for the model, the book traces the development of macroeconomic theory including Keynesian, structuralist, and supply-side economics. The model explains the public sector's current and capital expenditures, rather than treating them as exogenous variables. A sub-recursive system of prices is formulated in terms of unit cost based on the flow of factor income generated in the process of production, monetary variable, and agriculture supply factors.The model analyzes and evaluates policy changes in India, particularly since 1984. It is used to derive the appropriate mix of fiscal, monetary, and trade policies needed to generate significant economic growth in 1997-2000 in a non-inflationary environment. While fiscal and monetary discipline is vital in this regard, public-sector investment plays an important role in capital formation and economic growth.

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Yes, you can access India's Economic Prospects - A Macroeconomic And Econometric Analysis by Thampy Mammen in PDF and/or ePUB format, as well as other popular books in Economics & International Economics. We have over one million books available in our catalogue for you to explore.