Public expenditure, inflation, and growth: a macro-econometric analysis for India

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Oxford University Press, 1984 - Political Science - 228 pages
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The trade-off between inflation and growth is a major issue in economics, and in developing countries the problem arises mainly as a result of the dual roles played by public expenditure--which generates income and employment--and deficit financing--which triggers inflation. In this empirical analysis of the issues involved, the author uses a disaggregated macro-economic model specially developed for the mixed economy of India to discuss government budgetary constraints, resource mobilization, money supply and price levels, investment and growth, and price-wage spirals in the Indian economy.

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Contents

INTRODUCTION
1
SOME FEATURES OF INDIAN ECONOMIC DEVELOPMENT
18
3 Sectoral Allocation and Rate of Investment
24
Copyright

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