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Structure of financial savings during Indian economic reforms

Jha, Raghbendra; Longjam, Ibotombi S


In an economy undergoing structural reforms the composition of savings goes through considerable change. It is important to understand such changes both for increasing the volume of aggregate savings (to garner resources for higher economic growth) as well as affecting their composition (towards more productive instruments) through an understanding of inter-asset substitutability. We conduct nonparametric tests to examine whether data on financial savings in India can be rationalized in terms...[Show more]

CollectionsANU Research Publications
Type: Working/Technical Paper
Source: Empirical Economics Letters, The
DOI: 10.1007/s00181-006-0058-5


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