CiNii 図書 - An econometric model of India, 1948-1961

First Published in 1970. Econometric model-building, on the other hand, has been largely confined to the advanced industrialised countries. In the few cases where macro-models have been built for underdeveloped countries (e.g. the Narasimham model (112) for India) the underlying assumptions have been largely of the Keynesian type, and thus in the authors opinion unconnected with the theory of economic development. This study is a modest attempt at econometric model-building on the basis of a model of development of an underdeveloped country.

Part 1 Introduction: the macro-model
the data
the outline. Part 2 A theory of stagnation and growth: a macro-model in a closed economy
money in growth
growth and the foreign sector
the summary. Part 3 The statistical form of the model: production functions
employment functions
investment functions
money, wages and prices
miscellaneous equations
the model as a whole
method of estimation of the parameters of the model - ordinary least squares v. simultaneous equation methods. Part 4 Production and employment: agricultural production function
food-grains production function
employment function
non-agricultural production function. Part 5 Money, wages and prices: the money supply and the absolute price level
money wages and prices
miscellaneous price equations. Part 6 Investment and foreign trade: investment in the agricultural sector
investment in non-agricultural sector
foreign trade sector. Part 7 Summary of the results: the model
the test statistics
results of simultaneous equation methods. Part 8 Applications of the model - a simulation approach: a note on simulation approach
prediction within and beyond the sample
planning for a target rate of growth
analysis of the effects of variation in exogenous variables. Part 9 A note on India's third five year plan. Appendix - the compilation of the data.

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An econometric model of India, 1948-1961

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