The effects of public debt on capital formation in India: evidence from structural VAR analysis

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dc.contributor.authorBal, Debi Prasad
dc.date.accessioned2023-02-03T06:17:32Z
dc.date.available2023-02-03T06:17:32Z
dc.date.issued2014-07
dc.description.abstractThis 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.en_US
dc.identifier.urihttps://www.inderscienceonline.com/doi/abs/10.1504/IJMEF.2014.063838
dc.identifier.urihttp://dspace.bits-pilani.ac.in:8080/xmlui/handle/123456789/8932
dc.language.isoenen_US
dc.publisherInder Scienceen_US
dc.subjectEconomics and Financeen_US
dc.subjectPublic debten_US
dc.subjectGross fixed capital formationen_US
dc.subjectStructural VARen_US
dc.titleThe effects of public debt on capital formation in India: evidence from structural VAR analysisen_US
dc.typeArticleen_US

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