International Journal of Social Science & Economic Research
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Title:
ANALYSIS OF GROWTH, BREAKS AND FLUCTUATIONS OF INDIA'S SERVICE SECTOR OUTPUT: AN EMPIRICAL CRITIQUE

Authors:
Suranjana Kundu

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Suranjana Kundu
MSc. Economics, Vidyasagar University

MLA 8
Kundu, Suranjana. "ANALYSIS OF GROWTH, BREAKS AND FLUCTUATIONS OF INDIA'S SERVICE SECTOR OUTPUT: AN EMPIRICAL CRITIQUE." Int. j. of Social Science and Economic Research, vol. 3, no. 8, Aug. 2018, pp. 4453-4469, ijsser.org/more2018.php?id=314. Accessed Aug. 2018.
APA
Kundu, S. (2018, August). ANALYSIS OF GROWTH, BREAKS AND FLUCTUATIONS OF INDIA'S SERVICE SECTOR OUTPUT: AN EMPIRICAL CRITIQUE. Int. j. of Social Science and Economic Research, 3(8), 4453-4469. Retrieved from ijsser.org/more2018.php?id=314
Chicago
Kundu, Suranjana. "ANALYSIS OF GROWTH, BREAKS AND FLUCTUATIONS OF INDIA'S SERVICE SECTOR OUTPUT: AN EMPIRICAL CRITIQUE." Int. j. of Social Science and Economic Research 3, no. 8 (August 2018), 4453-4469. Accessed August, 2018. ijsser.org/more2018.php?id=314.

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Abstract:
This article takes a comprehensive investigation into some empirical issues regarding endogenous estimation of growth, structural breaks and fluctuations of India's service sector output during the time period 1960-61 to 2013-14. Although the methodology for evaluating the deterministic growth of a time series is well established, those for determining breaks and fluctuations around the growth path are based on seemingly different aspects of breaks and fluctuations and are diverse in nature. To opt for a unified methodology in these two aspects some of the existing tools and techniques are combined together. The resulting estimates reveal that India's service sector consists of six structural breaks in different policy regimes in the considered time interval and the persistent high growth rate of the service output resulting from the introduction and implementation of new economic policies has eventually come to a halt in the last few years.