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- Title
LINKING THE DYNAMICS OF DEMOGRAPHIC AND MACROECONOMIC VARIABLES: THEORY AND EMPIRICS IN INDIA.
- Authors
Mukherjee, Sovik; Das, Tanusree
- Abstract
The theory of economic growth is one of the principal branches of macroeconomics that tries to highlight the factors that have influenced the long-run trend of the growth of an economy. One of the leading issues in the literature on India's economic growth has been the manifold effects of inflation and employment among many others. The present paper aims toexamine the relationship between economic growth rates, inflation, employment and population growth in a Simultaneous Equations System (SES) framework, with an exclusive focus on the experience since economic liberalization. The literature on this subject has up till now analyzed the determinants of these endogenous variablesunconnectedly. Not only does this paper endeavour to ascertain the existence of endogeneity among these variables but also highlight a multitude of factors that areconnected in this regard. This paper comes to a close by discussing the possibilities for developing strategies that are overtly concerned with productive employment generation.
- Subjects
MACROECONOMICS; INDIAN economy, 1991-; ECONOMIC development; ECONOMICS; ECONOMIC policy
- Publication
Vidyasagar University Journal of Commerce, 2017, Vol 22, p73
- ISSN
0973-5917
- Publication type
Article