An autonomous research institute under the Ministry of Finance


Economic Development, Health and Environment

Publication date

Jan, 2007


Report submitted to the Ministry of Finance


A. L. Nagar, Sayan Samanta


This paper is an attempt to set up a 3-equation structural model for the Indian economy 1987-88 to 2002-03 linking three endogenous variables: GDP per capita; life expectancy at birth (LE); and CO2 (Carbon dioxide emissions) with 28 predetermined variables. To overcome the problem of degrees of freedom (undersized samples), the predetermined variables by their principal components are replaced.:

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