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An Estimation of Social Time Preference Rate for India and its Public Policy Implications

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Author Info
Tewari Devi D
Pandey I M

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Abstract

This paper estimates the social time preference rate for India using DMVL model. The fundings of the study suggest that public investment in India has been grossly misallocated. The current problems of Indian economy can not be dissociated with the DDW deliberate misallocate of public resources in the past.

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Publisher Info
Paper provided by Indian Institute of Management Ahmedabad, Research and Publication Department in its series IIMA Working Papers with number 935.

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Date of creation: 01 May 1991
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Handle: RePEc:iim:iimawp:935

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This page was last updated on 2009-11-30.

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