Oxford University Press, 1995 - Business & Economics - 247 pages
This volume is a collection of essays dealing with macroeconomic issues such as the constraints on India's economic growth, the rationale and limitations of the Mahalanobis strategy, the reasons for the atrophy of the planning process, the nature of the Indian state, and the consequences of opening up the Indian economy. The authors dealing with these issues do not just give their own points of view; rather they attempt to discuss these issues primarily through a critical survey of the economic literature. A sizeable body of writing has emerged in recent years dealing with the macroeconomics of the Indian economy in its specificity. This volume brings to the reader an overview of this work, locates it within the general literature of macroeconomics, and also provides a classified bibliography of the writings in this area.
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Some Indian Themes in Macroeconomics
Openeconomy Macroeconomic Themes for India
Closedeconomy Structuralist Models for a Less
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activities adjustment aggregate demand agricultural analysis approach argued argument assets assumed assumption autonomous Bagchi balance of payments behaviour Bhagwati capacity utilization capital inflows capitalist changes consumption context current account deficit Delhi demand for money determined devaluation developing countries discussion domestic Economic and Political effects equilibrium exchange rate exogenously expenditure exports external factors favour finance flows foreign capital foreign exchange constraint function given growth rate implies import substitution increase Indian economy inflation inflationary interest rates intervention issues Jayati Ghosh Keynesian labour LDEs less developed economies liberalization literature macroeconomic Mahalanobis mark-up ment monetarism monetarist monetary money supply money wages neoclassical Number open-economy output Pandit Patnaik Political Economy Political Weekly private investment problems production Rakshit rate of growth ratio real wages reduce regime relative relevant rent-seeking result role savings social Srinivasan strategy structuralist models structure terms of trade theory tion variable Wholesale price index