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M. Sc. Dissertations

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20151
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Subject: Agricultural Economics × Start date: 2011 × Type: Thesis × Thesis Type: Ph.D ×
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    ThesisItemOpen Access
    Relationships between Major Economic Sectors in India: A Cointegration under Vector Autoregressive Appproach
    (CCSHAU, 2015) Swati; Manocha, Veena
    In this study, the relative share of each of the sectors to the total gross domestic product both at the country level (India) and at the state level (Haryana) has been found. The time series data consists of data for the period 1950-51 to 2012-13 for India and 1966-67 to 2012-13 for Haryana. Findings have revealed that relative share of Services sector in the total gross domestic product has increased from about 32 per cent in the decade 1950-51 to 1959- 60 to about 58 per cent during the period 2010-11 to 2012-13 while that of Agriculture & Allied Activities’ has reduced from about 52 per cent to about 14 per cent in the same period. Their decadal growth trends as well as growth trends for the Pre-reform (till 1989-90) and Post-reform (1990-91 onwards) periods have also been studied. It has been found that the growth rate for the services sector almost doubled during Post-reform period for both the country and the state. Then, for the further analysis relationships between major economic sectors and some sub-sectors: Agriculture & Allied Activities, Industry (Manufacturing, construction and infrastructure) and Services, both for the country and the state have been studied using vector auto regressive (VAR) and Vector Error Correction Model (VECM). For all the classifications, in general, Agriculture & Allied Activities has been found positively linked to the construction and infrastructure and negatively linked to the Manufacturing and Services sector.