Kaliappa Kalirajan, Shashanka Bhide

A Disequilibrium Macroeconometric Model for the Indian Economy

• Broschiertes Buch

Produktbeschreibung

This title was first published in 2003. This text presents a new approach to incorporating regional details on production in a disequilibrium macroeconometric model. The early studies on disequilibrium dealt with either partial-adjustment models or models involving excess demand or supplies in markets. In this study the authors consider a different type of disequilibrium model - one in which econometric analysis makes use of the varying coefficients stochastic production frontier approach, which permits estimation and analysis of production efficiencies of individual producers. The book also presents an innovative approach to production modelling in macro econometric models as it provides a useful framework for incorporating production efficiencies and regional details of production in the macro models. It is a pioneering study that combines the stochastic frontier approach with macro econometric modelling. Primarily focused on India, it also provides insights into problems in modelling economies of other developing countries.

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Produktdetails

• Verlag: Routledge
• Seitenzahl: 232
• Erscheinungstermin: 29. Januar 2019
• Englisch
• Abmessung: 234mm x 156mm x 13mm
• Gewicht: 360g
• ISBN-13: 9781138709850
• ISBN-10: 1138709859
• Artikelnr.: 56895196

Autorenporträt

Kalirajan, Kaliappa; Bhide, Shashanka

Inhaltsangabe

List of Figures
List of Tables
Preface
Chapter I. Economic Reforms and Agriculture: Context for the Study
Chapter II. A DiseqUilibrium Framework
Chapter III. Model Development: The Agricultural Sector
Chapter IV. The Non-Agricultural Sectors: Output
Prices and Trade
Chapter V. Integration of the Sectoral Details in the Macroeconomic Framework
Chapter VI. Impact of Alternative Policy Choices on Agriculture: Applications of the Model
Chapter VII. Summary and Conclusions
Appendix 1. Data Details
Appendix 2. Model Equations: Specification
Appendix 3. Model Equations: Estimation Results
References
Index