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Threshold level of fiscal deficit: Revisiting FRBMA limit in Indian states (Record no. 517326)

000 -LEADER
fixed length control field 01653nam a22001577a 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
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100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Sethi, Dinabandhu et al
245 ## - TITLE STATEMENT
Title Threshold level of fiscal deficit: Revisiting FRBMA limit in Indian states
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Journal of Social and Economic Development
300 ## - PHYSICAL DESCRIPTION
Extent 22(2), Dec, 2020: p.233-249
520 ## - SUMMARY, ETC.
Summary, etc This paper examines whether the fiscal deficit limit of 3% as prescribed by the FRBMA is justified keeping in mind the increasing spending requirement and economic growth of Indian states? The study uses a panel data framework of taking sixteen non-special category states of India for the period over 2001–2002 to 2016–2017. This paper is the first of its kind that uses a threshold regression model due to Khan and Senhadji (IMF Staff Papers 48(1):1–21, 2001) to find the threshold level of fiscal deficit. The empirical findings show that the threshold level of fiscal deficit in sixteen states taken together is found to be 3%, which is in the line of prescribed limit of FRBM act. But at disaggregated level, it is observed that in middle- and low-income states the threshold level of fiscal deficit is 3.9% and 3.5%, respectively. This suggests that states can go for some additional percent of fiscal deficit above the limit prescribed by FRBMA. Therefore, the fiscal deficit limit of 3% needs to be revisited to give more fiscal room to the Indian states. – Reproduced
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Fiscal deficit, Threshold regression, FRBM rule, Economic growth
9 (RLIN) 24984
773 ## - HOST ITEM ENTRY
Main entry heading Journal of Social and Economic Development
906 ## - LOCAL DATA ELEMENT F, LDF (RLIN)
Subject DIP FISCAL DEFICIT
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent location Current location Date acquired Serial Enumeration / chronology Barcode Date last seen Koha item type
          Indian Institute of Public Administration Indian Institute of Public Administration 2021-07-09 22(2), Dec, 2020: p.233-249 AR124668 2021-07-09 Articles

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