An Empirical Analysis of Economic Growth and Inflation of Primary Sector Output of Jammu and Kashmir Economy

  • Javid Ahmad Shawl Ph.D Research Scholar, School of Studies in Economics, Jiwaji University Gwalior, India
  • Fayaz Ahmad Wani Ph.D Research Scholar, School of Studies in Economics, Jiwaji University Gwalior, India
  • Bilal Ahmad Sheikh Post Doc Fellow (PDF) of Hyderabad Central University, School of Economics and Funding Agency is ICSSR.
Keywords: NSDP, Inflation, Primary, GDP Deflator, Growth, Sector

Abstract

In the present paper we have attempted to study the association between economic growth and inflation rate of primary sector of Jammu & Kashmir Economy for a reference period of 1980-2011. GDP deflator has been used to calculate the inflation rate in primary sector as well as for an economy as a whole. The OLS regression model has been used to analyse the association between economic growth and inflation rate of primary sector of state Economy. The results of the growth regression model proved that there is a weak association between the two variables which gave birth to an important policy option that inflation of the primary sector output should be checked and only a mild inflation should be allowed in the sector which will prove to be an incentive to the farmers of the state
economy.

Published
2017-09-30
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How to Cite
Ahmad Shawl, J., Ahmad Wani, F., & Ahmad Sheikh, B. (2017). An Empirical Analysis of Economic Growth and Inflation of Primary Sector Output of Jammu and Kashmir Economy. Shanlax International Journal of Economics, 5(4), 130-137. Retrieved from https://shanlaxjournals.in/journals/index.php/economics/article/view/737
Issue
Vol 5 No 4 (2017)
Section
Article
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