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We use the argument of Lutkepohl (1982), and Ahsan, Kwan, and Sahni (1992) to model causal relation between public expenditure and national income growth in India during the period 1951-1989. The "omitted" variable considered is the rate of growth of Ml. It is revealed that the pattern of...
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concerning the existence of a long and/or short-term relationship between the nominal GDP and nominal public expenditures, which …
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