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economies of an emerging market economy, i.e. India. Design/methodology/approach – Two variants of data envelopment analysis …
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Purpose – To highlight the key‐role of macroeconomic management in a dysfunctional emerging market economy. Design/methodology/approach – The analysis – focused on the particular case of Romania, where the transition to market economy is underway – relies on two basic hypotheses....
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consumption volatility. Calibration of the model for pre and post financial reform in India provides support for the model's key …
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