Growth, Equity, Environment and Population: Economic and by Kanchan Chopra, C H Hanumantha Rao

By Kanchan Chopra, C H Hanumantha Rao

The e-book brings jointly papers on quite a number concerns which are of relevance to the Indian financial system and polity within the new millennium. The members research matters on the subject of progress and macro-economic basics, the country of and destiny customers for and agriculture in an period of excessive development and globalization. turning out to be local disparities, gender matters, and other kinds of inequity dominate the research of future health care, migration, fertility, and mortality similar concerns. individuals additionally examine contentious matters on the interface of surroundings and improvement, equivalent to environmental potency of undefined, hyperlinks among replacement notions of price, and family use of biomass. In a complementary demeanour, sociological views on faith, kinfolk, gender, and nation introduce into the quantity a qualitative research of the social associations in the framework of which financial development and structural switch occur.

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Extra info for Growth, Equity, Environment and Population: Economic and Sociological Perspectives (Studies in Economic and Social Development)

Example text

Sudden capital outflow induced foreign exchange market shock. This is a phenomenon that has precipitated a crisis in many developing economies and India is no exception to that. The purpose of this study is to analyse the effect of these five types of shocks on the growth in the Indian economy. Section 2 gives a brief description of the methodology of the study. Section 3 describes the structure of the full model. Section 4 presents some simulation results that help in evaluating the effect of shocks on the Indian economy.

To this end, we empirically examine whether higher real interest rates on bank deposits are associated with higher investment rates in several East Asian countries. The issue is important since higher investment is associated with higher rates of economic growth (Levine and Renelt, 1992). 1 Until the early 1970s, it was generally believed that low interest rates on bank loans and deposits would promote investment spending and growth — a notion consistent with the Keynesian and neoclassical analyses where the interest rate is part of the cost of capital (Keynes, 1936; Jorgenson, 1967).

Below normal rainfall. Since the agricultural sector is still a significant part of the economy and has strong demand and supply interlinkages with the rest of the economy, this is perhaps the shock that causes maximum damage to the Indian economy. 2. Fiscal profligacy of the government, which is a non-developmental expenditure undertaken due to political compulsion or to mitigate the effect of other shocks, leading to a fiscal burden. The next three types that we discuss are external shocks.

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