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http://hdl.handle.net/10419/65748
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| Title: | | Does public investment boost economic growth? Evidence from an open-economy macro model for India  |
| Authors: | | Pal, Soubarna |
| Issue Date: | | 2008 |
| Series/Report no.: | | Cardiff Economics Working Papers E2008/24 |
| Abstract: | | Using annual data for India for the period 1984-2003 and employing parametric technique (GMM), the present paper jointly determines GDP growth, real exchange rate and net foreign assets in Indian economy. There is evidence that public investment exerts a significant influence on real exchange rate and the growth rate and does so non-linearly. A comparison of the Indian estimates with those available for the UK and the USA economies is also revealing and highlights the role of governance on the effects of public investment. |
| Subjects: | | Public investment Economic growth Real exchange rate Simultaneous model Generalised method of moments |
| Document Type: | | Working Paper |
| Appears in Collections: | | Cardiff Economics Working Papers
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