A Model Brijesh C Purohit This paper aims to explain the stagnation of corporate savings in India within a behavioural hypothesis which allows incorporation of investment expectations and simultaneously captures the influence of the dividend motive in a single equation framework.
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EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.