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- W80611691 abstract "This study has shown that the elasticity of near-money substitution parameter a la Chetty(1969) tends to be biased because it captures the influence of a big-push expansion of banking facilities as has taken place in India since 1969. Employing Barnett's (1978) user cost of money concept the elasticity of substitution parameter between demand and time deposits has been made a linear function of bank branches per thousand population for India for the period 1950/51 1984/85 and for two subperiods therein. The empirical evidence has clearly indicated overestimation of the elasticity parameter and the result has remained robust to some sensitivity tests over the study period." @default.
- W80611691 created "2016-06-24" @default.
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- W80611691 date "2016-01-01" @default.
- W80611691 modified "2023-09-24" @default.
- W80611691 title "GROWTH OF BANKING AND NEAR-MONEY SUBSTITUTION: SOME EVIDENCE" @default.
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