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http://dspace.bits-pilani.ac.in:8080/jspui/xmlui/handle/123456789/8932| Title: | The effects of public debt on capital formation in India: evidence from structural VAR analysis |
| Authors: | Bal, Debi Prasad |
| Keywords: | Economics and Finance Public debt Gross fixed capital formation Structural VAR |
| Issue Date: | Jul-2014 |
| Publisher: | Inder Science |
| Abstract: | This paper provides the empirical evidence of the effects of public debt on interest rate, output and gross fixed capital formation in India during the period between the fourth quarter of 1998 and fourth quarter of 2012. Using the structural VAR model with variance decompositions and impulse response functions, the result shows that public debt has a positive impact on gross fixed capital formation as well as output. The findings of the study described in this paper broadly support the views of Keynesian economists. |
| URI: | https://www.inderscienceonline.com/doi/abs/10.1504/IJMEF.2014.063838 http://dspace.bits-pilani.ac.in:8080/xmlui/handle/123456789/8932 |
| Appears in Collections: | Department of Economics and Finance |
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