The effects of public debt on capital formation in India: Evidence from structural VAR analysis

Bal, D P (2014) The effects of public debt on capital formation in India: Evidence from structural VAR analysis. International Journal of Monetary Economics and Finance , 7 (1). pp. 66-80. ISSN 1752-0479

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Abstract

This paper provides the empirical evidence of the effects of public debt on interest rate, output and gross fixed capital formation in India during the period between the fourth quarter of 1998 and fourth quarter of 2012. Using the structural VAR model with variance decompositions and impulse response functions, the result shows that public debt has a positive impact on gross fixed capital formation as well as output. The findings of the study described in this paper broadly support the views of Keynesian economists

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IITH Creators:	IITH Creators ORCiD
Item Type:	Article
Uncontrolled Keywords:	Gross fixed capital formation; Output; Public debt; Structural VAR
Subjects:	Social sciences > Business Finance
Divisions:	Department of Liberal Arts
Depositing User:	Team Library
Date Deposited:	16 Dec 2014 10:49
Last Modified:	16 Dec 2014 10:49
URI:	http://raiithold.iith.ac.in/id/eprint/1145
Publisher URL:	http://dx.doi.org/10.1504/IJMEF.2014.063838
Related URLs:	Google Scholar

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