Haldar, Sushil Kumar; Mallik, Girijasankar - In: International journal of economic sciences and applied … 3 (2010) 1, pp. 7-25
This study examines the time series behavior of investment in physical capital, human capital (comprising education and … adjustment programme (openness which has been initiated in 1991) as exogenous variables in India from 1960 to 2006. The results … suggest that physical capital investment has no long-run nor short-run effect but the human capital investment has significant …