Introduction: the macro-model | |
the data | |
the outline | |
A theory of stagnation and growth: a macro-model in a closed economy | |
money in growth | |
growth and the foreign sector | |
the summary | |
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 | |
Production and employment: agricultural production function | |
food-grains production function | |
employment function | |
non-agricultural production function | |
Money, wages and prices: the money supply and the absolute price level | |
money wages and prices | |
miscellaneous price equations | |
Investment and foreign trade: investment in the agricultural sector | |
investment in non-agricultural sector | |
foreign trade sector | |
Summary of the results: the model | |
the test statistics | |
results of simultaneous equation methods | |
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 | |
A note on India's third five year plan | |
Appendix - the compilation of the data | |
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