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Paper Title
Exploring the Peacock-Wiseman Hypothesis in India: “A Temporal Analysis of Expenditure in the Social Sector”
Authors
Anjali Mishra
Keywords
Wagner Hypothesis, Social Sector Expenditure, Human Development, Externalities
Abstract
The expansion of an economy and the growth of government sector activity have a significant functional association (Bhatia, 2011). According to Crafts, Government institutions and policies play a central role in long-run growth outcomes. It has a positive impact on several growth-inducing factors. Enhancing human capital productivity is one of them. Investment in health, education, and social security creates positive externalities and possibilities for sustainable growth in the country. There is a two-way positive relationship between economic growth and public spending on the social welfare of people in a country. According to Economist Amartya Sen public spending on Health and Education is essential for achieving social equity and inclusive development. Investment in human capital is one of the major steps that has to be taken to achieve self-sustenance growth in India. Health is assumed to be an important component and determinant of the overall well-being of an individual. However, India has remarkably improved in human development parameters but is still far behind in achieving Sustainable Development Goals related to human resources. Marginally improved health indicators in the country urgently need massive intervention by individuals and on the part of the government. The objective of this study is to examine the association between economic growth and the rise in social sector expenditure in India. It aims to study the impact of investing in health on the improvement of selected health indicators. This paper attempts to study the dynamics of public spending in India, particularly about societal well-being. The paper analyses the linkages between the economic growth of a country and social sector expenditure and finds out the implication of the Peacock-wiseman hypothesis for the same & finds out that the growth of social sector expenditure in India is not smooth; instead, it increases in jerky steps, as suggested by Wiseman-Peacock.
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IJRTI — journal style
"Exploring the Peacock-Wiseman Hypothesis in India: “A Temporal Analysis of Expenditure in the Social Sector”", IJRTI - International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2456-3315, Vol.10, Issue 1, page no.a33-a40, January-2025, Available :https://ijrti.org/papers/IJRTI2501008.pdf
APA — 7th edition
Mishra, A. (2025). Exploring the Peacock-Wiseman Hypothesis in India: “A Temporal Analysis of Expenditure in the Social Sector”. International Journal for Research Trends and Innovation, 10(1), a33-a40. https://ijrti.org/viewpaperforall.php?paper=IJRTI2501008
MLA — 9th edition
Mishra, Anjali. "Exploring the Peacock-Wiseman Hypothesis in India: “A Temporal Analysis of Expenditure in the Social Sector”." International Journal for Research Trends and Innovation, vol. 10, no. 1, 2025, pp. a33-a40, https://ijrti.org/viewpaperforall.php?paper=IJRTI2501008.
Chicago — 17th, bibliography
Mishra, Anjali. "Exploring the Peacock-Wiseman Hypothesis in India: “A Temporal Analysis of Expenditure in the Social Sector”." International Journal for Research Trends and Innovation 10, no. 1 (2025): a33-a40. https://ijrti.org/viewpaperforall.php?paper=IJRTI2501008.
Harvard — author–date
Mishra, A. (2025) 'Exploring the Peacock-Wiseman Hypothesis in India: “A Temporal Analysis of Expenditure in the Social Sector”', International Journal for Research Trends and Innovation, 10(1), pp. a33-a40. Available at: https://ijrti.org/viewpaperforall.php?paper=IJRTI2501008
IEEE — numbered reference
A. Mishra, "Exploring the Peacock-Wiseman Hypothesis in India: “A Temporal Analysis of Expenditure in the Social Sector”," IJRTI, vol. 10, no. 1, pp. a33-a40, Jan. 2025.
Vancouver — biomedical
Mishra A. Exploring the Peacock-Wiseman Hypothesis in India: “A Temporal Analysis of Expenditure in the Social Sector”. IJRTI. 2025 Jan;10(1):a33-a40.
AMA — 11th edition
Mishra A. Exploring the Peacock-Wiseman Hypothesis in India: “A Temporal Analysis of Expenditure in the Social Sector”. IJRTI. 2025;10(1):a33-a40. Accessed at https://ijrti.org/viewpaperforall.php?paper=IJRTI2501008
BibTeX — Zotero, Mendeley, LaTeX
@article{IJRTI2501008,
author = {Anjali Mishra},
title = {Exploring the Peacock-Wiseman Hypothesis in India: “A Temporal Analysis of Expenditure in the Social Sector”},
journal = {International Journal for Research Trends and Innovation},
volume = {10},
number = {1},
pages = {a33-a40},
year = {2025},
month = {January},
issn = {2456-3315},
url = {https://ijrti.org/viewpaperforall.php?paper=IJRTI2501008}
}
RIS — EndNote, RefWorks
TY - JOUR
AU - Mishra, Anjali
TI - Exploring the Peacock-Wiseman Hypothesis in India: “A Temporal Analysis of Expenditure in the Social Sector”
T2 - International Journal for Research Trends and Innovation
JA - IJRTI
VL - 10
IS - 1
PY - 2025
SN - 2456-3315
UR - https://ijrti.org/viewpaperforall.php?paper=IJRTI2501008
SP - a33-a40
ER -
Issue
Volume 10 Issue 1,
January-2025
Pages : a33-a40
Other Publication Details
Paper Reg. ID
IJRTI_200196
Published Paper ID
IJRTI2501008
Downloads
205,662
Research Area
Social Science and HumanitiesÂ
Country
Fatehpur, Uttar Pradesh, India
Published
January 2025
Published Paper PDF
https://ijrti.org/papers/IJRTI2501008.pdf
Published Paper URL
https://ijrti.org/viewpaperforall.php?paper=IJRTI2501008
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International Journal for Research Trends and Innovation
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2456-3315
ISSN
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Declarations
Funding
No external funding was received for this study.
Conflict of Interest
The authors declare that they have no conflict of interest.
Acknowledgements
The authors would like to thank the reviewers and the editorial board of International Journal for Research Trends and Innovation for their careful reading and constructive comments, and all colleagues who supported the preparation of this manuscript.
