Jayaraman, T. K. and Choong, Chee-Keong (2011): Impact of global growth fluctuations on India: an empirical study.
Download (126kB) | Preview
The article examines how growth fluctuations in major trading partner countries of the world have affected the Indian economy since its liberalization from the mid 1990s. This empirical study confirms that domestic output of India was strongly influenced by global shocks. The findings are not surprising as India’s trade and financial integration with the rest of the world has been on the rise.
|Item Type:||MPRA Paper|
|Original Title:||Impact of global growth fluctuations on India: an empirical study|
|English Title:||Impact of Global Growth Fluctuations on India: An Empirical Study|
|Keywords:||Economic integration, global shock, regional shock, India|
|Subjects:||F - International Economics > F1 - Trade > F15 - Economic Integration
O - Economic Development, Technological Change, and Growth > O2 - Development Planning and Policy > O24 - Trade Policy; Factor Movement Policy; Foreign Exchange Policy
|Depositing User:||Chee-Keong Choong|
|Date Deposited:||26. Sep 2011 01:51|
|Last Modified:||13. Feb 2013 11:18|
Asian Development Bank (2010): Key Indicators of Developing Asia and Pacific (Manila: Asian Development Bank).
Boorman, J. (2009): “The impact of financial crisis on Emerging Market Economies: The Transmission Mechanism, Policy Response and Lessons”, Discussion Draft (Washington, D.C: Emerging Markets Forum).
Boorman, J., J. Fajgenbaum, M. Bhaskaran, H. Alberto and D. Arnold (2010): “The New Resilience of Emerging Market Countries: Weathering Recent Crisis in the Global Economy”, Paper presented at the Regional Forum on the Impact of Global Economic and Financial Crisis, November (Manila: Asian Development Bank).
Dua, P., N. Raje and S. Sahoo (2004): “Interest Rate Modeling and Forecasting in India”, Working Paper, Centre for Development Studies, Delhi School of Economics.
Enders, W. (1995): Applied Econometric Time Series (New York: John Wiley & Sons).
Goldstein, M. and D. Xiew (2009): “The Impact of Financial Crisis on Emerging Asia”, Working Paper No.09-11, Washington, D.C.: Peterson Institute of International Economics.
International Monetary Fund (2007): World Economic Outlook, April.
International Monetary Fund (2010): World Economic Outlook, October.
Johansen, S. and K. Juselius (1990): “Maximum likelihood estimation and inference on cointegration with applications to money demand”, Oxford Bulletin of Economics and Statistics, 52: 169-210.
Kawai, M. and T. Motonishi (2005): Macroeconomic Interdependence in East Asia: Empirical Evidence and Issues, Asian Economic Cooperation and Integration (Manila: Asian Development Bank).
Ng, S. and P. Perron (2001): “Lag Length Selection and the Construction of Unit Root Tests with Good Size and Power”, Econometrica, 69: 1519-54.
Panagaria, A. (2008): India: The Emerging Giant (New York: Oxford University Press).
Ram Mohan, T.T (2009): “The Impact of the Crisis on the Indian Economy”, Economic and Political Weekly, XLIV(13), March 28, 2009, 107-14.
Subbarao, D. (2008): “The Global Financial Turmoil and Challenges for the Indian Economy”, Speech delivered at the Bankers' Club, Kolkata, December 10, 2008.
Subbarao, D. (2009a): “Impact of the Global Financial Crisis on India: Collateral Damage and Response”, Speech delivered at Tokyo, February 18, 2009.
Subbarao, D. (2009b): “Global Financial Crisis Questioning the Questions”, JRD Tata Memorial Lecture delivered at the Associated Chambers of Commerce and Industry of India, New Delhi on July 31, 2009.
Takagi, S. (2008): “Managing Macroeconomic Interdependence”, Chapter 5, Emerging Asian Regionalism (Manila: Asian Development Bank).
World Bank (2010): World Development Indicators (Washington,D.C: World Bank).