Econometric Model of India

Ramgopal Agarwala (Autor)

Buch | Hardcover

204 Seiten

1970
Routledge (Verlag)
978-0-7146-1200-3 (ISBN)

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First Published in 1970. Econometric model-building, on the other hand, has been largely confined to the advanced industrialised countries. In the few cases where macro-models have been built for underdeveloped countries (e.g. the Narasimham model (112) for India) the underlying assumptions have been largely of the Keynesian type, and thus in the authors opinion unconnected with the theory of economic development. This study is a modest attempt at econometric model-building on the basis of a model of development of an underdeveloped country.

Agarwala, Ramgopal

Part 1 Introduction: the macro-model; the data; the outline. Part 2 A theory of stagnation and growth: a macro-model in a closed economy; money in growth; growth and the foreign sector; the summary. Part 3 The statistical form of the model: production functions; employment functions; investment functions; money, wages and prices; miscellaneous equations; the model as a whole; method of estimation of the parameters of the model - ordinary least squares v. simultaneous equation methods. Part 4 Production and employment: agricultural production function; food-grains production function; employment function; non-agricultural production function. Part 5 Money, wages and prices: the money supply and the absolute price level; money wages and prices; miscellaneous price equations. Part 6 Investment and foreign trade: investment in the agricultural sector; investment in non-agricultural sector; foreign trade sector. Part 7 Summary of the results: the model; the test statistics; results of simultaneous equation methods. Part 8 Applications of the model - a simulation approach: a note on simulation approach; prediction within and beyond the sample; planning for a target rate of growth; analysis of the effects of variation in exogenous variables. Part 9 A note on India's third five year plan. Appendix - the compilation of the data.

Erscheint lt. Verlag	19.6.1970
Verlagsort	London
Sprache	englisch
Maße	138 x 216 mm
Gewicht	362 g
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie
ISBN-10	0-7146-1200-6 / 0714612006
ISBN-13	978-0-7146-1200-3 / 9780714612003
Zustand	Neuware