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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Modelling Macroeconomic Adjustment with Growth in Developing Economies: The Case of India

Modelling Macroeconomic Adjustment with Growth in Developing Economies: The Case of India

Mallick, Sushanta K.

Paperback

Series: Routledge Revivals

Business GeneralGeneral Sociology

ISBN10: 1138325074
ISBN13: 9781138325074
Publisher: Routledge
Published: Jun 30 2020
Pages: 200
Weight: 0.61
Height: 0.50 Width: 5.90 Depth: 8.50
Language: English

First published in 1999, this influential volume explores Macroeconomic Adjustment with a particular focus on India. Its inspiration originated from the introduction of stabilisation and structural adjustment policies in India in 1991. Mallick examines the application of this policy package by the International Monetary Fund and the World Bank to Developing Economies. First looking at the initial conditions and generators of imbalances, the appropriate policy framework for India's initial conditions and structural characteristics is considered. While the effectiveness of the IMF had been strongly criticised, Mallick explains how it could be used more effectively. He argues that the programs applied are often contradictory and, using India as an example, examines the effects of policy reform on its trade sector, the repercussions on the direct economy and the costs associated with such policies in restoring stability and future economic growth, with particular support for the Vector Autoregression (VAR) framework. Mallick forwards a new structural model for policy purposes, evaluated for overall performance and optimal control.

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