图书简介
Economic Reforms in SAARC Countries presents a cross-country comparison of development indicators in the SAARC countries with respect to the recent Liberalization, Privatization and Globalization (LPG). Presenting an empirical analysis, the book brings in the theoretical background relating to the growth of public expenditure as articulated by Adolf Wagner and other researchers in the 19th and early 20th centuries along with the Displacement Effect Hypothesis as advanced by Peacock and Wiseman in the mid-20th century. This book re-examines these theories and the views of researchers with respect to the changes in economic policies and studies the relevance of these in the present context. The book re-interprets the theories in the light of the impact of policy changes with time series analysis highlighting the changes in the structure of the estimated equation using dummy variables. The book discusses the differential growth of a few macro-economic variables in the SAARC countries with respect to time in the pre- and post-LPG period. It examines the determinants of development indicators in the post-LPG period identifying the most important determinants.
Preface \\ Acknowledgements \\ Chapter 1: Introduction \\ Introduction \\ The Impact of LPG on South Asian Countries: A Brief Literature Review \\ Indicators of Development \\ Organization of the Chapters \\ Chapter 2: Revisiting Wagner’s Law, PW Hypothesis and Structural Break \\ Wagner’s Law \\ PW Hypothesis (the Displacement Effect Hypothesis) and the Related Studies \\ PW Hypothesis and the Rationale of Interpreting It as a Theory of Structural Break \\ Methodological Issues in Testing the PW Hypothesis \\ Time versus Per Capita Income \\ Conclusions about the PW Hypothesis \\ ‘Global’ (Major) versus ‘Non-Global’ Social Upheaval \\ Critical Re-examination of Wagner’s Law and the PW Hypothesis \\ Changes in the Economic Policies and Assessment of Its Impact \\ Objective of the Present Study and the Methodology \\ Chapter 3: Liberalization, Privatization and Globalization (LPG) in the SAARC Countries in Historical Perspective \\ The Inception of SAARC: A Brief Background \\ LPG in SAARC Countries: A Brief Literature Review \\ Brief Historical Background of the Indian Subcontinent and Economic Liberalization \\ Observation \\ Chapter 4: Impact of LPG on the Growth of Development Indicators \\ Introduction \\ Section I \\ Graphical Analysis with Respect to Policy Change \\ Concluding Remark \\ Section II \\ Trend Analysis \\ Chapter 5: Determinants of Development Indicators in the Post LPG Era \\ Introduction \\ Objectives and the Rationale of Determinant Study \\ Findings \\ Comparison of the Determinants of the Development Indicators across the SAARC Countries \\ Chapter 6: Summary and Conclusions \\ Conclusions on Wagner’s’ Law and PW Hypothesis \\ Growth of Macro-variables and Impact Assessment \\ SAARC Countries \\ Summary of the Empirical Findings: A Concluding Remark \\ Limitations of the Study \\ Appendices: Tables and Statistical Output \\ Bibliography \\ Index
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