We tried to find the main components / reasons of the sub-national governments investment spending. We concluded that there were basically 12 important components of the spending done by them. Y investment spending in subs national governments depends on: y tax revenue (per capita). Y Public per capita expenditure on social and y y Economic development Total revenue and GSDP ratio y per capita development expenditure per capita expenditure on non development services. Education, medical and health expenditure. Y Cont. Y Outstanding debt of states y Deb
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We tried to find the main components / reasons of the sub-national governments investment spending. We concluded that there were basically 12 important components of the spending done by them. Y investment spending in subs national governments depends on: y tax revenue (per capita). Y Public per capita expenditure on social and y y Economic development Total revenue and GSDP ratio y per capita development expenditure per capita expenditure on non development services. Education, medical and health expenditure. Y Cont. Y Outstanding debt of states y Deb
We tried to find the main components / reasons of the sub-national governments investment spending. We concluded that there were basically 12 important components of the spending done by them. Y investment spending in subs national governments depends on: y tax revenue (per capita). Y Public per capita expenditure on social and y y Economic development Total revenue and GSDP ratio y per capita development expenditure per capita expenditure on non development services. Education, medical and health expenditure. Y Cont. Y Outstanding debt of states y Deb
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We tried to find the main components / reasons of the sub-national governments investment spending. We concluded that there were basically 12 important components of the spending done by them. Y investment spending in subs national governments depends on: y tax revenue (per capita). Y Public per capita expenditure on social and y y Economic development Total revenue and GSDP ratio y per capita development expenditure per capita expenditure on non development services. Education, medical and health expenditure. Y Cont. Y Outstanding debt of states y Deb
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websites and literature related to their working and concluded that there were basically 12 important components of the spending done by them. V Rnvestment spending in subs national governments depends on: V Tax revenue (per capita). V Public per capita expenditure on social and economic development V Total revenue and GSDP ratio V Per capita development expenditure V Per capita expenditure on non development services. V Education, medical and health expenditure. V ont..
V Debt to GSDP ratio
V Outstanding debt of states V Debt as percentage of revenue V Revenue surplus or deficit. V Primary and fiscal deficits of states. V Non tax revenue. V We have made use of the log-log model or double log model. V The model formulation is: lnYit = Ʌ'1 + Ʌ'2 lnX2,it + Ʌ'3 lnX3,it + Ʌ'4 lnX4,it + Ʌ'5 lnX5,it + Ʌ'6 lnX6,it + Ʌ'7 lnX7,it + Ʌ'8 lnX8,it + Ʌ'9 lnX9,it + Ʌ'10 lnX10,it + Ʌ'11 lnX11,it + Ʌ'12 lnX12,it + ûit V Yi represents the Rnvestment spending of the ith value of the sample. V Xj,i is the ith value of jth explanatory variable of the sample. V Ètǯ represents the time period
V Ʌ' k is the estimator of population parameter Ʌk.
V Ʌ' k where k = [2,11] represents elasticity of Yit,
elasticity = proportionate change in Yit/proportionate change in Xk,it.
V To account for other factors, there is a stochastic
disturbance term Èuǯ in the model. V Why this model??
V To conclude our analysis, we collected data of the
12 components (mentioned earlier) of 5 states, namely, Andhra Pradesh, Arunachal Pradesh, Assam, Bihar and hhattisgarh of the fiscal years 2006-07 & 2007-08 .