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Time varying dynamics of globalization effect in India

Author

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  • Shikha Gupta

    (Delhi Technological University)

  • Nand Kumar

    (Delhi Technological University)

Abstract

The link between globalization and economic growth is getting complex as the propagators of globalization are opting protectionism. The paper attempts to identify the time-varying dimension of globalization in India from Q2 1996 to Q3 2019. The aim is to capture the portion of growth explained by domestic and foreign factors suggesting the pace of globalization. The factor-induced domestic and foreign loadings are used in Time-Varying Parameter Regression and Time-Varying Parameter Autoregressive approach to indicate the evidence for slowbalization in India. The models combined with stochastic volatility, aid in capturing the structural changes in the economy in a robust manner.

Suggested Citation

  • Shikha Gupta & Nand Kumar, 2023. "Time varying dynamics of globalization effect in India," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 22(1), pages 81-97, January.
    • Handle: RePEc:spr:portec:v:22:y:2023:i:1:d:10.1007_s10258-020-00190-4
    DOI: 10.1007/s10258-020-00190-4
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    More about this item

    Keywords

    Time-varying parameter estimations; Globalization; Economic growth; Slowbalization;
    All these keywords.

    JEL classification:

    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • F69 - International Economics - - Economic Impacts of Globalization - - - Other
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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