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"item_title" : "Public Expenditure, Inflation, and Growth",
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"item_description" : "The trade-off between inflation and growth is a major issue in economics, and in developing countries the problem arises mainly as a result of the dual roles played by public expenditure--which generates income and employment--and deficit financing--which triggers inflation. In this empirical analysis of the issues involved, the author uses a disaggregated macro-economic model specially developed for the mixed economy of India to discuss government budgetary constraints, resource mobilization, money supply and price levels, investment and growth, and price-wage spirals in the Indian economy.",
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Public Expenditure, Inflation, and Growth : A Macro-Econometric Analysis
Overview
The trade-off between inflation and growth is a major issue in economics, and in developing countries the problem arises mainly as a result of the dual roles played by public expenditure--which generates income and employment--and deficit financing--which triggers inflation. In this empirical analysis of the issues involved, the author uses a disaggregated macro-economic model specially developed for the mixed economy of India to discuss government budgetary constraints, resource mobilization, money supply and price levels, investment and growth, and price-wage spirals in the Indian economy.
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Details
- ISBN-13: 9780195617139
- ISBN-10: 0195617134
- Publisher: Oxford University Press, USA
- Publish Date: April 1985
- Page Count: 250
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