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01485pab a2200157 454500 |
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180718b2000 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Sahoo, Satyananda |
| 245 ## - TITLE STATEMENT |
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| Title |
Infrastructure and economic growth: an empirical examination |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
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| Date of publication, distribution, etc. |
2000 |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
p.323-48. |
| 362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION |
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| Dates of publication and/or sequential designation |
Monsoon and Winter |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc. |
This paper explores the relationship between the gross domestic product and stock of infrastructural services in India by estimating a vector auto regressive (VAR) model for the period 1970-71 to 2000-01. Various stocks of infrastructure viz., transport, electricity, gas, water supply and communication facilities are included as inputs in the model whereas gross domestic product at factor cost is considered as output in a Cobb-Douglas production function framework. The estimated model is also used for forecasting by measuring the impulse responses of gross domestic product to one per cent standard deviation shock in the infrastructural sectors. From the impulse response analysis, it was found that though the initial impact of increase in the stocks of infrastructure is diminishing, it continues to have a positive impact on real output in the medium-to-long run. among all the infrastructural sectors, electricity, gas, water supply and communication sectors play a key role in explaining the movements in the gross domestic product. - Reproduced. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Economic growth |
| 773 ## - HOST ITEM ENTRY |
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| Main entry heading |
Reserve Bank of India Occasional Papers |
| 909 ## - |
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| -- |
56137 |
