Inflation and Economic Growth in India –An Empirical Analysis Prasanna V Salian1‚ Gopakumar. K2 Abstract This paper seeks to examine the relationship between inflation and GDP growth in India. An empirical evidence is obtained from the cointegration and error correction models using annual data collected from the Reserve Bank of India. The result shows that there is a long-run negative relationship between inflation and GDP growth rate in India. Inflation is harmful rather than helpful to growth
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Business and Economic Statistics. January‚ 14:1‚ pp. 11–30. Stock‚ James H. 1997. “Cointegration‚ Long- Run Comovements‚ and Long-Horizon Forecast- ing‚” in Advances in Econometrics: Proceedings of the Seventh World Congress of the Econometric Society‚ Volume III. David Kreps and Kenneth F. Wallis‚ eds. Cambridge: Cambridge University Press‚ pp. 34–60. Watson‚ Mark W. 1994. “Vector Autoregres- sions and Cointegration‚” in Handbook of Econo- metrics‚ Volume IV. Robert Engle and Daniel Mc- Fadden‚ eds
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rate is still non-stationary and we should have do the second difference. But we will ignore this problem here to keep them in the same pace. Next step we have to do is to choose the optimal lag length using a likelihood ratio test. We do it in the Eviews and the result can be shown as follows: From this graph‚ we can know the optimal lag length is 4
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Development and Cultural Change‚ 51‚ 247 – 256. Cheung‚ Y. W.‚ & Lai‚ K. S. (1993). Finite-sample sizes of Johansen’s likelihood ratio tests for cointegration. Oxford Bulletin of Economics and Statistics‚ 55‚ 313 – 328. Christopoulos‚ D. K.‚ & Tsionas‚ E. G. (2004). Financial development and economic growth: Evidence from panel unit root and cointegration tests. Journal of Development Economics‚ 73‚ 55 – 74. Deidda‚ L.‚ & Fattouh‚ B. (2002). Non-linearity between finance and growth. Economics Letters
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Exposure: A Practical Theory and its Application”‚ Financial Analysts Journal‚ Vol. 39‚ No. 5‚ pp. 59-65. 26. Johansen S (1988)‚ “Statistical Analysis of Cointegration Vectors”‚ Journal of Economic Dynamics and Control‚ Vol. 12‚ Nos. 2-3‚ pp. 231-254. 27. Johansen S and Juselius K (1990)‚ “Maximum Likelihood Estimation and Inference on Cointegration with Application to the Demand for Money”‚ Oxford Bulletin of Economics and Statistics‚ Vol. 52‚ No. 2‚ pp. 169-210. 28. Jorion P (1990)‚ “The Exchange
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relationship. If you run a regression in which the dependent variable and one or more independent variables are spuriously correlated‚ the result is a spurious regression‚and t-scores and overall fit are likely to be overstated and untrustworthy Cointegration consists of matching the degree of nonstationarity of the variables in an equation in a way that makes the error term and residuals of the equation stationary and rids the equation of any spurious regression results. Even though individual variables
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Article On Integration of Financial Market and Its Implication of Stock Market Development in Bangladesh: An Evaluation Submitted To- Md. Raisul Islam. Course Instructor‚ Financial Product Marketing. Department of Marketing‚ 2nd batch Jahangirnagar University Submitted By- Name ID Arifa Yasmin 646 Md. Tanjil Mahmud 673 Kumar Avijit Das Gupta 674 Md. Aman Uddin 2119 Department Of Marketing‚ 2nd Batch Jahangirnagar University. Date of Submission- 10th
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Impact of Public Debt Burden on Economic Growth of Bangladesh: A VAR Approach Md. Hashibul Hassan Lecturer Department of Finance Jagannath University Dhaka‚ Bangladesh. Email: hashibulhassan@yahoo.com Tahmina Akhter Lecturer Department of Finance University of Dhaka Dhaka‚ Bangladesh. Email: tahmina25@gmail.com Impact of Public Debt Burden on Economic Growth of Bangladesh: A VAR Approach Abstract Bangladesh is relying heavily on public debt to meet the budget deficit since its independence.
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Determinants of Indian Exchange Rate Submitted To: Dr. S K Mathur Associate Professor of Economics Department of Humanities and Social Sciences Indian Institute of Technology Kanpur Submitted By: Sharad Gupta (10666) Abstract This Paper attempts to find out the determinant of INR-USD exchange rate. We want to see the interdependence of Exchange rate on some variables like Inflation‚ Money Supply‚ Foreign Reserve‚ Fiscal Deficit and Stock market. This will also attempt to analyze
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PROFILE Sagir Khericha Excellent quantitative and analytical skills with good attention to detail‚ demonstrated by performance in degree so far High level of intellectual curiosity and enthusiasm about financial markets. One of many reasons for doing internships in this industry. Fine ability to work independently and as part of team‚ proven by work experience and success with sports teams. Can work in a different environment and clients from different countries‚ shown by working on a consulting
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