This paper: (i) analyzes and interprets the adjustment of the Indian economy to the twin exogenous shocks of oil price increases and harvest failure during the period 1973-74 to 1983-84; (ii) implements a six sector economy-wide general equilibrium model to a consistent data set for 1973-74; (iii) uses the model to approximate the principal developments in the Indian economy during 1973-74 to 1983-84; and (iv) explores the consequences for the macroeconomic...
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INFORMACIÓN
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1986/04/01
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Documento de trabajo departamental
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CPD8621
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1
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1
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2010/12/17
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Disclosed
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Coping with internal and external exogenous shocks : India, 1973-74 to 1983-84
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exogenous shock