Production function and regression methods using R -- Univariate time series analysis with R -- Bivariate time series analysis including stochastic diffusion -- Utility theory and empirical implications -- Vector models for multivariate problems -- Simultaneous equation models -- Limited...

This paper challenges two clichés that have dominated the macroeconometric debates in India. One relates to the neoclassical view that deficits are detrimental to growth, as they increase the rate of interest, and in turn displace the interest-rate-sensitive components of private investment....