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توضیحات کتاب :

This chapter discusses the broad scope and tools of macroeconometric methods. It illustrates the applications of macroeconometric methods to contempo- rary issues of the Indian economy. The chapter also describes the significance of the Indian economy in the current global economic order. It summarizes the contents of the three broad areas of applications of macroeconometric methods covered in the edited volume, Macroeconometric Methods: Applications to the Indian Economy, viz. macroeconomic modelling and policy; forecasting the Indian economy; business cycles and global crises. The purpose of the edited volume “Macroeconometric Methods: Applications to the Indian Economy” is to illustrate applications of macroeconometric methods to contemporary issues for the Indian economy. Each chapter delves into an issue of macroeconomic relevance which is analysed using the appropriate econometric method. The techniques employed are applicable to a wide variety of economic and financial areas and are also suitable for the analysis of other emerging as well as developed economies. This Introduction is divided into four sections. The first section briefly dwells on macroeconometrics. The subsequent section brings to the fore the significance of the Indian economy in the current economic order. The third section elucidates the themes explored in the volume. The final section concludes.