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About the Book:This book discusses the evolution of economic thought from the Keynesian School of Economics in response to the Great Depression, emphasizing the shift from classical principles. It underscores the role of fiscal policy, particularly public expenditure, in achieving macroeconomic goals. The focus is on the classification of public expenditure, its importance in policy formulation, and its theoretical relationship with economic growth. This book introduces a research study in India examining the causal relationship between public expenditure and economic growth, employing the…mehr

Produktbeschreibung
About the Book:This book discusses the evolution of economic thought from the Keynesian School of Economics in response to the Great Depression, emphasizing the shift from classical principles. It underscores the role of fiscal policy, particularly public expenditure, in achieving macroeconomic goals. The focus is on the classification of public expenditure, its importance in policy formulation, and its theoretical relationship with economic growth. This book introduces a research study in India examining the causal relationship between public expenditure and economic growth, employing the Engel-Granger approach. The book is structured into six chapters, covering topics such as theoretical perspectives, classification of public expenditure in India, trends in public expenditure, and empirical analysis of its relationship with economic growth. The book summarizes findings, discusses policy implications, and suggests avenues for future research.
Autorenporträt
Dr. Rashmi Gupta, Assistant Professor, Gujarat Education Services-II within the Department of Higher Education, Gujarat Government, stationed in Ahmedabad. She earned her Bachelor's degree in Arts and Master's degree in Economics from Banasthali University. Dr. Gupta further pursued her Doctorate degree (Ph.D.) in Economics.