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A divisia type saving aggregate for India

Jha, Raghbendra; Longjam, Ibotombi S

Description

In India, the pace of financial innovation was relatively slow until the initiation of the financial liberalization program in 1991–92. The subsequent financial reforms have had important implications for the user costs of assets and resulted in significant substitution among them. Hence there is a need to develop an aggregate measure of savings that would more accurately reflect household choice over various assets than the simple sum. As user costs of assets change so does the composition of...[Show more]

CollectionsANU Research Publications
Date published: 2003
Type: Working/Technical Paper
URI: http://hdl.handle.net/1885/40299
http://digitalcollections.anu.edu.au/handle/1885/40299

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