Department of Economics and Finance

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    Does Economic Development Affect Public Debt Accumulation ? Empirical Evidence from India
    (AMC, 2022-04) Krishna, M.
    The main aim of this paper was to explore various public debt determinants in India using structural equation modeling (SEM). This study is based on secondary data, starting from 1985 – 2018. The study was partially confirmatory and partially exploratory as it also inspected the interaction between economic development and public debt. The findings suggested that, among various macroeconomic variables, debt servicing, inflation, and military expenditure are the key determinants of debt in India. Moreover, as expected, economic development has a negative relation with public debt, suggesting that public debt accumulation tends to decrease with the progress in economic development. It is acknowledged that the improvement in socioeconomic conditions is likely to enhance the overall welfare of the people and thereby create more productive resources in the economy. Therefore, from a policy perspective, we should zero in on internal and debt-related factors.
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    Economic Development and Environmental Degradation: A Study of Indian Situations
    (Lambert, 2011) Mohapatra, Geetilaxmi; Giri, Arun Kumar
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    Economic development and environmental quality: an econometric study in India
    (Emerald, 2009-02) Giri, Arun Kumar; Mohapatra, Geetilaxmi
    The purpose of this paper is to explore the emissions of SO2, NO2 and SPM in India during 1991‐2003. The Environmental Kuznets' Curve (EKC) is applied to explore the relationship between economic development measured in terms of State Domestic Product (SDP) per capita and different air quality parameters for industrial and residential locations respectively. Several developmental factors contribute to change in emissions of these air quality parameters. These factors generally include the scale effect, composition effect and the pollution abatement effect.