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

Devi Tewari and Indra Pandey

IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department

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.

Date: 1991-05-01
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Persistent link: https://EconPapers.repec.org/RePEc:iim:iimawp:wp01011

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