Impact of national income and public expenditure on employment and its public-private sector composition in indian economy
- Title
- Impact of national income and public expenditure on employment and its public-private sector composition in indian economy
- Creator
- Basantwani L.V.; Sharma S.; Dagar V.; Kharinta K.
- Description
- The paper focuses on the analysis of the impact of Gross National Income and Public Expenditure on total employment and its public and private sector components. It also examines the ratios of public and private sector employment to total employment and public sector to private sector employment. Results of summary statistics of employment, public and private sector employment, public expenditure, and gross national income are briefly discussed. Growth of total employment, public and private sector employment, gross national income and public expenditure is examined to determine the direction and magnitudes of inter-temporal changes. Growth trend of all three ratios is determined to detect and to anticipate the interrelations of change. Stationarity of time series of total employment, employment in public and private sectors, gross national income and public expenditure of Indian economy is evaluated by Random Walk Model and Dickey-Fuller test. Results show that the time series data of total, public and private sector employment approximate normal distribution with extremely low skewedness and concentration. The coefficients of variation of all 6 time series data are relatively very low. But the time series of GNI is non-stationary at 0.05 probability level, while time series of public expenditure displays negative trend. Negative change in private sector employment is determined by lagged private sector employment and private income/expenditure. Results of Engel-Granger test of co-integration show the variables to be well co-integrated in the chosen distributed lag models. 2021 DAV College. All rights reserved.
- Source
- International Journal of Agricultural and Statistical Sciences, Vol-17, No. 1, pp. 213-222.
- Date
- 2021-01-01
- Publisher
- DAV College
- Subject
- Employment; Gross national income; Growth; Private/Public sector; Public expenditure
- Coverage
- Basantwani L.V., Galgotias University, Greater Noida, 201 310, India; Sharma S., CHRIST Deemed to Be University, Delhi NCR, 201 003, India; Dagar V., Amity School of Economics, Amity University, Noida, 201 313, India; Kharinta K., Government Degree College, Directorate of Higher Education, Haryana, Hisar, Nalwa, 125 037, India
- Rights
- Restricted Access
- Relation
- ISSN: 9731903
- Format
- Online
- Language
- English
- Type
- Article
Collection
Citation
Basantwani L.V.; Sharma S.; Dagar V.; Kharinta K., “Impact of national income and public expenditure on employment and its public-private sector composition in indian economy,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 23, 2025, https://archives.christuniversity.in/items/show/15725.