Title

Disaggregate analysis of savings and investment, foreign capital inflows and growth in India

RIS ID

38936

Publication Details

Verma, R. (2011). Disaggregate Analysis of Savings and Investment, Foreign Capital Inflows and Growth in India. Asia Pacific Journal of Economics and Business, 15 (1), 27-42.

Abstract

The paper tests for the short-run dynamic effects of savings and investment on Gross Domestic Product(GDP) growth, consistent with the Solow-Swan model; and the long-run effects of savings and investmenton GDP growth, in line with the endogenous AK models of growth for India from 1950 to 2005, taking into account structural breaks. The results, which are robust in both the short and long run, provide no evidencefor either of the two growth models in India.

Link to publisher version (URL)

Asia Pacific Journal of Economics and Business

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