| dc.contributor.author | Bal, Debi Prasad | |
| dc.date.accessioned | 2023-02-03T06:20:48Z | |
| dc.date.available | 2023-02-03T06:20:48Z | |
| dc.date.issued | 2014-08 | |
| dc.identifier.uri | https://www.sciencedirect.com/science/article/pii/S0313592614000289 | |
| dc.identifier.uri | http://dspace.bits-pilani.ac.in:8080/xmlui/handle/123456789/8933 | |
| dc.description.abstract | This paper examines the effect of public debt on economic growth in India between 1980 and 2011. Using the autoregressive distributed lag ARDL model, the paper traces a long-run equilibrium relationship between public debt and economic growth. The error correction model (ECM) results show that central government debt, total factor productivity (TFP) growth, and debt-services are affecting the economic growth in the short-run, and that the results are consistent with our a priori expectation. It is recommended that the government should follow the objective of inter-generational equity in fiscal management over the long term in order to stabilize debt-GDP ratio, particularly, after the global financial crisis. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Elsevier | en_US |
| dc.subject | Economics and Finance | en_US |
| dc.subject | Domestic debt | en_US |
| dc.subject | External debt | en_US |
| dc.subject | Auto regressive distributed lag (ARDL) | en_US |
| dc.subject | TFP growth | en_US |
| dc.subject | Economic Growth | en_US |
| dc.subject | Debt service | en_US |
| dc.title | Public debt and economic growth in India: A reassessment | en_US |
| dc.type | Article | en_US |
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