Downloads: 125 | Views: 145
Research Paper | Economics | India | Volume 3 Issue 12, December 2014
Nexus between Economic Growth and the Economic Structure in Indian Economy: An Empirical Analysis
Md. Samsur Jaman | L. Debendra Singh
Abstract: India's economic base was gradually shifted from agricultural-based to industrial and service -based country for the last 30 years. The purpose of this study was to investigate the effect of those structural changes on economic structures. In order to estimate the relationship between economic growth and economic structure a log ?linear model is used which is estimated using Newey-West methodology. For the result, an incremental employment in agricultural sector yielded a negative effect on the Indian economy. Also, an increase in employment in service sector was better than industrial sector in supporting economic growth. Thus, the government should give priority to service-based economy even though agricultural sector is the backbone of Indian economy.
Keywords: Newey-West methodology, Structural Changes, log-linear model, Unit root, Berlett Kernel procedure
Edition: Volume 3 Issue 12, December 2014,
Pages: 484 - 488
Similar Articles with Keyword 'Unit root'
Downloads: 90
Research Paper, Economics, China, Volume 6 Issue 8, August 2017
Pages: 1291 - 1295The Influence of Supply-Side Factors on the Upgrading of Chinas Industrial Structure
Juan Shang [5] | Yao Tong
Downloads: 117
Research Paper, Economics, Indonesia, Volume 6 Issue 2, February 2017
Pages: 1790 - 1793The Stock Market of Infrastructure Sector: A Weak-Form EMH Test
Adi Gunarso | Hermanto Siregar [10] | Tony Irawan [3]