000			01381nab a22001937a 4500
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100			_aMohanty, Asit Ranjan
245			_aIs Fiscal Policy Pro-Cyclical or Counter-Cyclical ? Evidence from India
260			_a _b _c
300			_a7-19 p.
520			_aThis study investigated the cyclicality of fiscal policy in India at the Centre, State, and combined Centre - State level by employing three alternative methods. The period of analysis extended from 1970-71 to 2013-14. In general, the study finds pro-cyclicality behavior of expenditure in case of India. Revenue expenditure, primary revenue expenditure, capital outlay, and total expenditure were found to be pro-cyclical at the Centre and combined Centre - State level. Capital outlay was found to have more pro-cyclicality as compared to other expenditure categories both at the Centre and combined Centre - State level. However, at the State level, capital outlay was not found to have any cyclical relation with output.
650			_aFiscal Policy
650			_aPublic Spending
650			_aBusiness Cycles
650			_aEconometrics
700			_aMishra, Bibhuti Ranjan
773	0		_040265 _dAssociated Management Consultants Pvt. Ltd. New Delhi _oS86270 _tArthshastra: Indian Journal of Economics and Research; 6(2) March-April 2017 _x2278-1811
942			_2ddc _c8
999			_c92221 _d92221