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lef"V&vFkZ'kkL=k osQ fl¼kar
uksV ekWMy osQ rÙo (Ingredients of the Model)
fgDl osQ O;kikj&pØ ekWMy osQ rÙo ;s gSaµo`f¼ dh vHkh"V nj] miHkksx iQyu] Lok;Ùk fuos'k] izsfjr&fuos'k
iQyu rFkk xq.kd&Rojd lacaèkA
o`f¼ dh vHkh"V nj (Warranted rate of growth) og nj gS] tks vius&vkidks cuk, j[ksxhA ;g cpr&fuos'k
larqyu osQ vuq:i gksrh gSA tc okLrfod fuos'k rFkk okLrfod cpr ,d gh leku nj ls gks jgh gks rks dgk
tkrk gS fd vFkZO;oLFkk vHkh"V nj ls o`f¼ dj jgh gSA fgDl osQ vuqlkj xq.kd&Rojd ijLij fØ;k gh gS] tks
vHkh"V o`f¼ nj osQ fxnZ vk£Fkd mrkj&p<+ko dk ekxZ iz'kLr djrh gSA
miHkksx iQyu C = a Y dk :i ysrk gSA vofèk t esa miHkksx dks fiNyh vofèk (t – 1) dh vk; (Y) dk
t t–1
iQyu ekuk tkrk gSA bl izdkj vk; ls miHkksx ihNs jg tkrk gS vkSj xq.kd dks le;i'prk lacaèk (lagged
relation) le>k tkrk gSA
Lok;Ùk fuos'k] mRiknu osQ Lrj esa ifjorZuksa ls Lora=k gksrk gS] vr% ;g vFkZO;oLFkk dh o`f¼ ls ugha lac¼
gksrkA
nwljh vksj] izsfjr fuos'k mRiknu osQ Lrj esa ifjorZuksa ij fuHkZj jgrk gS] vr% ;g vFkZO;oLFkk dh o`f¼ nj dk
iQyu gksrk gSA fgDl osQ ekWMy esa Rojd] izsfjr fuos'k ij vkèkkfjr gS] tks xq.kd osQ lkFk feydj Åijh eksM+
(upturn) ykrk gSA fgDl us Rojd dks ;ksa ifjHkkf"kr fd;k gS fd ;g izsfjr fuos'k dk vk; esa o`f¼ ls vuqikr
gSA
xq.kd rFkk Rojd osQ fLFkj ewY;ksa esa fn, gq, gksus ij ^yhoj izHkko* (leverage effect) gh vk£Fkd mrkj&p<+ko
osQ fy, mÙkjnk;h gksrk gSA
ekWMy dh ekU;rk,¡ (Assumptions of the Model)
O;kikj&pØ dk fgDlh; fl¼kar fuEu ekU;rkvksa ij vkèkkfjr gSµ
1- fgDl eku ysrk gS fd vFkZO;oLFkk izxfr'khy gS ftlesa Lok;Ùk fuos'k fLFkj nj ls bl rjg c<+rk gS rkfd
vFkZO;oLFkk xfreku larqyu esa jgsaA
2- cpr rFkk fuos'k xq.kkad (co-efficients) dky i;ZUr (over time) ,sls <ax ls cnyrs gSa fd larqyu iFk
ls Åij dh vksj foLFkkiu (displacement) larqyu ls nwj le;i'prk xfr (lagged movement) yk nsrk gSA
3- fgDl eku ysrk gS fd xq.kd rFkk Rojd osQ ewY; fLFkj gSaA
4- vFkZO;oLFkk mRiknu osQ iw.kZ jkstxkj Lrj ls vkxs ugha foLrkj dj ldrhA
24-7 lkjka'k (Summary)
ge igys ml fLFkfr dks ysrs gSa] tc oqQN fnu eanh jg pqdh gks vkSj iqu#RFkku voLFkk vFkok fupyk
eksM+ ¯cnq 'kq: gksrk gSA* vkjaHkdkjh 'kfDr;k¡* (originating forces) vFkok ^izkjaHkd* (starters) ckátkr
(exogenous) vFkok vartkZr (endogenous) 'kfDr;k¡ gksrh gSaA eku yhft, fd vèkZ&fVdkÅ oLrq,¡ f?kl
tkrh gSa vkSj ifj.kker% ;g vko';d gks tkrk gS fd vFkZO;oLFkk esa mUgsa LFkkukIkUu fd;k tk,A blls ek¡x
c<+rh gS bl c<+h gqbZ ek¡x dks iwjk djus osQ fy, fuos'k rFkk jkstxkj c<+rs gSaA m|ksx dk iqu#RFkku izkjaHk
gks tkrk gSA lacaèk iw¡th oLrq m|ksxksa esa Hkh iqu#RFkku 'kq: gksrk gSA
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