Modelling macroeconomic adjustment with growth in developing economies: the case of India
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| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Aldershot [u.a.]
Ashgate
1999
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| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XI, 200 S. graph. Darst. |
| ISBN: | 0754611809 |
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MARC
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Record in the Search Index
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| adam_text | Modelling Macroeconomic
Adjustment with Growth in
Developing Economies
The case of India
SUSHANTA K MALLICK, BA (HONS ), MA, Ph D
IFI Research, The Chase Manhattan Bank
Ashgate
Aldershot • Brookfield USA • Singapore • Sydney
Contents
List of tables viii
List of graphs, charts and figure ix
Acknowledgements x
Preface xi
1 Introduction 1
1 1 The backdrop 1
111 Some stylized facts 3
112 Key research questions 5
1 2 Major objectives 8
1 3 Methodology and database 9
1 4 Organisation of the book 10
2 Macroeconomic Adjustment in India:
Nature of the Policy Setting 12
2 1 Introduction 12
2 2 India s emerging macroeconomic environment -1950-1990 13
221 The antecedents of the Indian macroeconomic crisis 13
222 The 1991 policy response 21
2 3 An analysis of performance of recent macroeconomic policies
since 1980 23
231 Effect of liberalisation on growth 23
232 Effect of policies on controlling inflation 25
233 The nexus between fiscal deficit, BOP, and money supply 28
2 4 Conclusion 32
3 Annals of Indian Macroeconomic Modelling Efforts 44
3 1 Introduction 44
3 2 Macroeconomic models of the Indian economy 46
321 Plan models and computable general equilibrium models
for India 47
322 Macroeconometric models 51
3221 Theoretical difficulties in building macroeconometric
models for India 51
3222 Specific components of macroeconometric models 55
323 Control-theoretic models 63
33A critical appraisal 66
3 4 Conclusion 69
4 Policy Models for Growth-oriented Macroeconomic Adjustment:
An Analytical Critique 71
4 1 Introduction 71
4 2 The model 72
421 Assumptions of the model 73
422 The macroeconomic framework 73
423 The monetary component 74
424 The growth component 75
425 The merged model 76
43A critical look at the model 79
4 4 Conclusion 85
5 Dynamics of Macroeconomic Adjustment with Growth:
Some Simulation Results 86
5 1 Introduction 86
5 2 The analytical model 88
521 Structure of the model 89
5 3 Econometric evidence for the investment model 94
5 4 Dynamic responses to policy shocks 97
541 The basic model 97
542 The extended model 99
543 Modelling expectations 101
5 5 Conclusion 102
6 A Dynamic Macroeconometric Model for Short-run
Stabilisation 110
6 1 Introduction 111
6 2 Analytics of the stabilisation model 112
621 The VS model 113
622 Critiques of the VS model 114
6221 Monetary disequilibrium 116
6222 Export function 117
6223 Import function 117
6 3 Dynamics of Indian inflation 119
VI
6 4 Model estimation 122
641 Pre-tests for integration and cointegration 123
642 Empirical results 124
6 5 Model simulation 128
6 6 Conclusion 131
7 Determinants of Long-term Growth: A Keynesian Approach 141
7 1 Introduction 141
7 2 Analytics of economic growth 143
721 Neoclassical model with endogenous growth 144
722 Export-led model of growth 146
7 3 Empirical analysis 150
731 Testing for stationarity 150
732 Cointegration and short-run dynamics 151
7 4 Conclusion 156
8 Designing Adjustment Policies with Growth
in the Optimal Control Framework 162
8 1 Introduction 162
8 2 The model 163
821 Definition of variables used in the model 164
822 Structure of the model 165
823 Dynamic properties of the model 166
8 3 The design of optimal control exercise 168
831A digest on optimal control applications 169
832 Policy experiments using optimal control 170
8321 Experiment 1 172
8322 Experiment 2 175
8 4 Conclusion 179
9 Conclusion 181
9 1 Theoretical overview 181
9 2 Empirical findings 183
9 3 Policy implications 186
9 4 Concluding remarks towards a research strategy 188
Bibliography 189
VII
|
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| spelling | Mallick, Sushanta K. Verfasser aut Modelling macroeconomic adjustment with growth in developing economies the case of India Sushanta K. Mallick Aldershot [u.a.] Ashgate 1999 XI, 200 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Economic stabilization - Developing countries Economic stabilization - Mathematical models Economische groei gtt Economische stabiliteit gtt Macro-economie gtt Macroeconomics - Mathematical models Ontwikkelingslanden gtt Wiskundige modellen gtt Wirtschaftspolitik Ökonometrisches Modell Economic stabilization India Econometric models Macroeconomics India Econometric models Makroökonomisches Modell (DE-588)4074486-3 gnd rswk-swf Indien India Economic policy 1947- Econometric models Entwicklungsländer (DE-588)4014954-7 gnd rswk-swf Entwicklungsländer (DE-588)4014954-7 g Makroökonomisches Modell (DE-588)4074486-3 s DE-604 HEBIS Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008763935&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Mallick, Sushanta K. Modelling macroeconomic adjustment with growth in developing economies the case of India Economic stabilization - Developing countries Economic stabilization - Mathematical models Economische groei gtt Economische stabiliteit gtt Macro-economie gtt Macroeconomics - Mathematical models Ontwikkelingslanden gtt Wiskundige modellen gtt Wirtschaftspolitik Ökonometrisches Modell Economic stabilization India Econometric models Macroeconomics India Econometric models Makroökonomisches Modell (DE-588)4074486-3 gnd |
| subject_GND | (DE-588)4074486-3 (DE-588)4014954-7 |
| title | Modelling macroeconomic adjustment with growth in developing economies the case of India |
| title_auth | Modelling macroeconomic adjustment with growth in developing economies the case of India |
| title_exact_search | Modelling macroeconomic adjustment with growth in developing economies the case of India |
| title_full | Modelling macroeconomic adjustment with growth in developing economies the case of India Sushanta K. Mallick |
| title_fullStr | Modelling macroeconomic adjustment with growth in developing economies the case of India Sushanta K. Mallick |
| title_full_unstemmed | Modelling macroeconomic adjustment with growth in developing economies the case of India Sushanta K. Mallick |
| title_short | Modelling macroeconomic adjustment with growth in developing economies |
| title_sort | modelling macroeconomic adjustment with growth in developing economies the case of india |
| title_sub | the case of India |
| topic | Economic stabilization - Developing countries Economic stabilization - Mathematical models Economische groei gtt Economische stabiliteit gtt Macro-economie gtt Macroeconomics - Mathematical models Ontwikkelingslanden gtt Wiskundige modellen gtt Wirtschaftspolitik Ökonometrisches Modell Economic stabilization India Econometric models Macroeconomics India Econometric models Makroökonomisches Modell (DE-588)4074486-3 gnd |
| topic_facet | Economic stabilization - Developing countries Economic stabilization - Mathematical models Economische groei Economische stabiliteit Macro-economie Macroeconomics - Mathematical models Ontwikkelingslanden Wiskundige modellen Wirtschaftspolitik Ökonometrisches Modell Economic stabilization India Econometric models Macroeconomics India Econometric models Makroökonomisches Modell Indien India Economic policy 1947- Econometric models Entwicklungsländer |
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