Government Spending, Trade Openness and Economic Growth in India: A Time Series Analysis
Published By: CDS on eSS | Published Date: July, 22 , 2008The study examines the impact of aggregate government
expenditure and its two broader components such as revenue expenditure
and capital expenditure on the growth rate of output in the Indian context
along with other key potential determinants of economic growth such as
trade openness and private investment. It utilizes structural vector
autoregression (SVAR) methodology for examining the dynamic response
of output growth to the shocks in major macro economic variables
wherein public expenditure is considered to be an important fiscal policy
instrument. [WP No. 403].
Author(s): Hrushikesh Mallick | Posted on: Dec 22, 2008 | Views(1811) | Download (1694)