Fiscal policy and economic development: regional analysis for India Online publication date: Mon, 02-Oct-2023
by Ashwani Bishnoi
International Journal of Business and Globalisation (IJBG), Vol. 34, No. 4, 2023
Abstract: In the past decade, fiscal policy has been actively used by countries to safeguard their economies from adverse economic shocks. The present study brings a comparative analysis of fiscal policies practiced by Indian regions in the past two decades for managing their macroeconomic environment. Study also aims to empirically establish the role of fiscal policy towards economic development. For the purpose, GMM estimation is carried out for a panel data of 16 Indian states ranging from 2004-2005 to 2016-2017. With regard to fiscal measures, the states such as Andhra Pradesh, Himachal Pradesh, Kerala, and West Bengal are observed for higher deficit whereas Maharashtra, Orissa, Gujarat, Goa and Rajasthan could maintain the fiscal deficit well below the threshold level of 3% of the economic size. In terms of empirical estimation for role of fiscal policy on economic development, the study produces the contributory role of fiscal measures on development.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business and Globalisation (IJBG):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook