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Macroeconomic Effects Of Public Invesment In Infrastructure In India

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  • K.N Murty

Abstract

This paper attempts to build an aggregative, structural,macroeconometric model for India. Investment and output in the model are disaggregated into four sectors namely(a) agriculture including forestry and fishery (b)manufacturing (c)infrastructure (d) service sector. The model emphazises the interrelationships between the internal and external balances as also the realtion between money, output, prices and balance of payments.The model also incorporates the savings- investment identity.The model also tries to link economic growth and poverty reduction. The model is validated for it's in-sample forecasting ability. A few counter factual policy simulations relating to public investment in infrastructure is undertaken to illustrate the usefulness of the model.[IGIDR WP 003]

Suggested Citation

  • K.N Murty, 2009. "Macroeconomic Effects Of Public Invesment In Infrastructure In India," Working Papers id:1875, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:1875
    Note: Institutional Papers
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    References listed on IDEAS

    as
    1. K. Krishnamurty & V. Pandit, 1996. "Exchange Rate, Tariff and Trade Flows: Alternative Policy Scenarios for India," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 31(1), pages 57-89, January.
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    Cited by:

    1. K. N. Murty & A. Soumya, 2006. "Effects of Public Investment in Infrastructure on Growth and Poverty in India," Macroeconomics Working Papers 22373, East Asian Bureau of Economic Research.
    2. Syed Ammad Ali & Qazi Masood Ahmed & Lubna Naz, 2016. "Public spending on human capital formation and economic growth in Pakistan," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 23(1), pages 1-20, June.
    3. Santosh Mehrotra, 2020. "‘Make in India’: The Components of a Manufacturing Strategy for India," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 63(1), pages 161-176, March.
    4. Ismihan, Mustafa & Ozkan, F. Gulcin, 2011. "A Note On Public Investment, Public Debt, And Macroeconomic Performance," Macroeconomic Dynamics, Cambridge University Press, vol. 15(2), pages 265-278, April.
    5. Eka Sastra & Didin S. Damanhuri & Noer Azam Achsani & Ahmad Erani Yustika, 2021. "Impact of agricultural sector investment development on national economic output," Technium Social Sciences Journal, Technium Science, vol. 26(1), pages 466-474, Decembrie.
    6. Masood Ahmed Qazi & Syed Ammad, 2021. "Public investment efficiency and sectoral economic growth in Pakistan," Development Policy Review, Overseas Development Institute, vol. 39(3), pages 450-470, May.
    7. Sajad Ahmad Bhat & Bandi Kamaiah, 2021. "Fiscal policy and macroeconomic effects: structural macroeconometric model and simulation analysis," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 23(1), pages 81-105, June.

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    More about this item

    Keywords

    public investment; infrastructure; India; macroeconometirc model; fiscal; monetary; external sector; counter factual policy simulations;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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