ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Of Bourgeois Democracy and Indian Reality

argument will display strong heteroscedasticity and biased parameter estimates. These relationships can only be estimated directly from the structural equations. This problem is not faced in the case of the import demand function. Since the objective of my paper is to provide an a priori indication of the possibility of a contractionary devaluation so that an appropriate model can be devised for such cases, I feel that the approximation suggested by me may not be terribly objectionable. Dholakia has also pointed out that it would also be necessary to estimate the export supply function in addition to the import demand function. This is obviously true. However, I again appeal to my primary objective of providing an indication as to whether a change in the basic IMF model structure becomes necessary to incorporate the possibility of contraction in order to justify not mentioning this. If the necessary We know single science, the science of history -Marx.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top