ABSTRACT
A theoretical flow of funds model is presented in a general equilibrium framework for India, inwhichbehavioural equations andmarket clearing endogenous variables are identified for empirical application. Then, based on the flow of funds matrix compiled in Section 3.2 in Chapter 3, we derived the stock data for the sample period from 1951/52 to 1993/94 followed by the presentation of the whole list of variables used for estimation.
