The Economic Impact of Withdrawing the Diesel Subsidy in India
In: The Indian economic journal, Band 60, Heft 3, S. 108-120
ISSN: 2631-617X
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In: The Indian economic journal, Band 60, Heft 3, S. 108-120
ISSN: 2631-617X
In: IEG Working Paper No. 318
SSRN
Working paper
In: The journal of developing areas, Band 42, Heft 2, S. 89-110
ISSN: 1548-2278
Savings and growth are often strongly correlated. Thus, it is important to study the determinants of savings and the direction of causality between savings and growth as these have important implications for development policy. Yet, careful empirical studies on savings behavior are missing for Bangladesh. Thus, in this paper, we estimate the long-run total and private savings functions for Bangladesh using recent time series techniques. We find that the total savings rate is mainly determined by the GDP growth rate, dependency ratio, interest rates and bank density. The private savings rate is also affected by the public savings rate. Further, using the Granger Causality tests, we find that in Bangladesh, there is a bi-directional causality between savings and growth. We also carry out the Forecast Error Variance Decomposition (FEVD) analysis using the VAR framework. The FEVD results confirm the causality results obtained using the Granger causality tests as well as the estimated savings functions.
In: The Indian economic journal, Band 58, Heft 3, S. 31-49
ISSN: 2631-617X
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 31, Heft 2, S. 208-224
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 31, Heft 2, S. 208-225
ISSN: 0161-8938
This is a collection of essays by 16 renowned Indian economists on contemporary issues linked to India's economic development. Among the topics covered in the essays are: structural breaks in the India growth process; relevance of the Solow growth model for a developing economy; sources of the growth acceleration in India from the 1980s and the contribution of sectoral changes to overall economic growth; constraints to achieving 4 per cent annual growth rate in agriculture; measurement of unorganized sector output, and savings and capital formation; ensuring environmental sustainability of the