We estimate a flow of funds model for the household sector in India, within the Almost Ideal Demand System (AIDS) framework, and examine the demand for money and the substitution effects between money and other financial assets. The restricted long-run model, obtained using cointegration...

Econometrics and Data Analysis for Developing Countries. By Chandan Mukherjee, Howard White and Marc Wuyts. London: Routledge, 1998. Pp.xviii + 496 (plus data diskette). £24.99 and £75. ISBN 0 415 09400 3 and 09399 6 Enterprise Clusters and Networks in Developing Countries. Edited by Meine...