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India's Emerging Financial Market: A Flow of Funds Model (Routledge Studies in the Growth Economies of Asia) - Hardcover

Book 65 of 156: Routledge Studies in the Growth Economies of Asia

Moore, Tomoe

 
9780415434096: India's Emerging Financial Market: A Flow of Funds Model (Routledge Studies in the Growth Economies of Asia)
Hardcover
ISBN 10: 0415434092 ISBN 13: 9780415434096
Publisher: Routledge, 2007

Synopsis

In the early 1990s, financial liberalization started in India, and it was thought that such reforms would increase economic growth. This argument formed part of the finance led industrialization hypothesis and although higher growth resulted, higher industrialization did not immediately.

This book is the first study to comprehensively apply the flow of funds model for India.
Using detailed data of the Indian economy, the whole financial sector is presented with associated policy simulation for India. The demand function is theoretically grounded in the Almost Ideal Demand System and cointegration techniques are adapted into the econometric methodology. The policy simulation experiments are conducted with a view to analyzing the delivery of loanable funds to sectors which are the most in need of poverty-reducing economic growth. The system-wide simulation as a result of interactions with disaggregated economic sectors will allow the analysis of a wide spectrum of policy effects on issues such as the determinant of interest rates, financial capital formulation, and the role of financial institutions, government debt and allocation of credit.

India's Emerging Financial Market provides a thorough and rigorous analysis of policy responses in India and will be of interest to academics working on development economics in general and South Asia in particular.

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About the Author

Tomoe Moore is a senior Lecturer of Economics and Finance at Coventry University, UK. Her main research interest lies in the development of finance, and she has published in leading journals including Journal of Comparative Economics, Economic Development and Cultural Change, Journal of Development Studies and Review of Development Economics.

"About this title" may belong to another edition of this title.

Publisher
Routledge
Publication date
2007
Language
English
ISBN 10 
0415434092
ISBN 13 
9780415434096
Binding
Hardcover
Edition number
1
Number of pages
204