Saving, Investment, and Growth in IndiaThis volume provides the first comprehensive analysis of the determinants of saving and investment and the role of investment in economic growth in the Indian economy over the post-independent era. It aims to inform the national development policy debate in India, which has received added impetus following the market-oriented policy reforms initiated in 1991, and to enrich the literature on saving, investment and growth in developing countries which consists predominantly of broad generalisations made from multi-country, cross-sectional analyses |
Contents
The Indian Policy Context | 18 |
Trends and Patterns | 34 |
The Determinants of Saving | 53 |
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Common terms and phrases
bank credit C. J. Roberts capita income capital stock cent of GDP Chapter coefficient cointegrating consumption contd cost of capital determinants developing countries domestic saving econometric economic growth efficiency of investment empirical endogenous growth endogenous growth theory equation estimates explanatory variables exports financial saving firms fixed investment GDCF GNDI GPOP gross domestic saving growth rate growth theory GYNRB impact important increase industries inflation investment and growth investment behaviour investment rate Jarque-Bera test long-run Lucas Critique macroeconomic markets ment National Accounts National Accounts Statistics national saving neoclassical growth model non-residential business investment non-residential business sector output period policy regime private corporate investment private corporate sector private investment private saving rate private sector production function public investment public saving ratio of GDP real interest rate regression RINRB role saving and investment saving/investment Solow Srinivasan studies Table unit of labour various issues World Bank