Domestic debt and economic growth in India

被引：0
|
作者：
Singh, C
机构：
来源：
ECONOMIC AND POLITICAL WEEKLY | 1999年 / 34卷 / 23期
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D O I：
暂无
中图分类号：
TU98 [区域规划、城乡规划];
学科分类号：
0814 ; 082803 ; 0833 ;
摘要：
The study investigates the relationship between domestic debt and economic growth, The traditional view considers that in the long run, domestic debt has a negative impact on economic growth while the Ricardian eqivalence hypothesis implies the neutrality of domestic debt to growth. In India, domestic debt has been incurred mainly on the coinsideration that it shall be used for investment purposes. The issue is empirically examined using the cointegration test and the Granger causality test for India over the period 1959-95. Cointegration and the Granger causality tests support the Ricardian equivalence hypothesis between domestic debt and growth.
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页码：1445 / 1453
页数：9
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