TY  - BOOK
AU  - Tamma, Koti Reddy 
TI  - Relationship between Industrial Expenditure and Industrial Growth Rate: The Case of India
KW  - Operating costs
KW  - Industrial expansion
KW  - Vector error-correction models
KW  - Investments
KW  - Expansion (Business)
N2  - The study aims at testing the relationship between industrial expenditure and industrial growth rate for the period 1950-51 to 2013-14. The study applies Johansen Co-integration and Vector Error Correction Model to test the long-term relationship between industrial expenditure and industrial growth rate. The National Accounts Statistics (NAS) was used for the data on private investment for the analysis of this study. The study reveals that during the post-reform period, the rate of capital formation had decreased in the public sector and increased in the private sector. The study concludes that there is a long-term association between industrial expenditure and industrial growth rate, implying that the industrial expenditure contributes significantly to the industrial growth rate. The author suggests that in order to expand the scope of long-term finance for industrial sector, securities market needs to be developed and strengthened. [ABSTRACT FROM AUTHOR]
ER  -