Classical Linear Regression Model
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There are some assumptions relating to CLRM. These assumptions are necessary to show that the estimation technique, Ordinary Least Square…
Key determinant of Economic Progress
Equality of Institutions: Key determinant of Economic Progress Latitude and economic prosperity are remarkably correlated. For instance, nations which are…
Domestic Saving Trends in India (1950-2000)
Almost from the inception of economic planning, the prevailing low level of saving and investment was assessed by the planners…
India’s Growth and Savings Analysis
The Ninth plan period ended with a growth rate of 5.70%. The Tenth five year plan aimed to transform the…
Savings and Growth – Introduction
In a developing country like India, savings have generated a topic of discussion among policy makers and economists. In spite…
Risk (Part-2)
Uncertain Payoffs: Risky choices often have financial consequences, also known as payoffs. Payoffs can be either positive (gains) or negative…
Risk ( Part-1)
Risk exists whenever the consequences of a decision are uncertain. While analyzing risks and gauging their magnitude, the following concepts…
David Hume and his contemporaries:The Classical Dichotomy and Monetary Neutrality
David Hume and his contemporaries suggested that economic variables should be divided into two groups. The first group consists of…
How Credit Cards and Debit Cards fit into the monetary system
How Credit Cards and Debit Cards fit into the monetary system?? Many people use credit or debit cards to make…
AFFECT and EFFECT
EFFECT (noun) A change which is a result or consequence of an action or other cause. Cause (something) to happen;…