Public Expenditure, Inflation, and Growth: A Macro-Econometric Analysis

by B.B. Bhattacharya

The trade-off between inflation and growth is a major issue in economics, and in developing countries the problem arises mainly as a result of the dual roles played by public expenditure--which generates income and employment--and deficit financing--which triggers inflation. In this empirical
analysis of the issues involved, the author uses a disaggregated macro-economic model specially developed for the mixed economy of India to discuss government budgetary constraints, resource mobilization, money supply and price levels, investment and growth, and price-wage spirals in the Indian
economy.

250 pages, Hardcover

First published April 4, 1985