Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/379
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dc.contributor.authorBose, Amitava
dc.contributor.authorChattopadhyay, Subhasankar
dc.date.accessioned2017-05-08T14:21:44Z
dc.date.accessioned2021-08-26T03:55:39Z-
dc.date.available2017-05-08T14:21:44Z
dc.date.available2021-08-26T03:55:39Z-
dc.date.issued2010-02-01
dc.identifier.urihttps://ir.iimcal.ac.in:8443/jspui/handle/123456789/379-
dc.description.abstractThis paper studies the short-run and medium-run aspects of economic growth under two alternative frameworks. These are: (i) a demand-determined growth model with excess capacity having Keynesian features; and (ii) a full-capacity Harrod-Domar model modified to include autonomous consumption. While much of growth theory is about the long-run understanding contemporary growth experience requires application of short-run analysis. The analysis is applied to address the following questions, among others: (a) To what extent does a change in the rate of exponential growth signal a ‘structural break’? (b) What are the appropriate analytical definitions of consumption-driven growth and investment-driven growth? (c) What observable characteristics of a growth path help identify if growth (or a change in growth) is consumption-driven in contrast to its being investment-driven? The analysis brings out the relation between growth rates of autonomous consumption, investment and GDP, emphasizing the difference in conclusions in the two models.en_US
dc.language.isoen_USen_US
dc.publisherINDIAN INSTITUTE OF MANAGEMENT CALCUTTAen_US
dc.relation.ispartofseriesWORKING PAPER SERIES;WPS No. 650/ February 2010
dc.subjectShort-run growthen_US
dc.subjectconsumption-driven growthen_US
dc.subjectinvestment-driven growthen_US
dc.subjectdemand-determined growthen_US
dc.subjectfull-capacity growthen_US
dc.titleAnalytical Aspects of Short-run Growthen_US
dc.typeWorking Paperen_US
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