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Impact of global growth fluctuations on India: an empirical study

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  • Jayaraman, T. K.
  • Choong, Chee-Keong

Abstract

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.

Suggested Citation

  • Jayaraman, T. K. & Choong, Chee-Keong, 2011. "Impact of global growth fluctuations on India: an empirical study," MPRA Paper 33685, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:33685
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    File URL: https://mpra.ub.uni-muenchen.de/33685/1/MPRA_paper_33685.pdf
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    References listed on IDEAS

    as
    1. Pami Dua & Nishita Raje & Satyananda Sahoo, 2004. "Interest Rate Modeling and Forecasting in India," Occasional papers 3, Centre for Development Economics, Delhi School of Economics.
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    3. Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
    4. Jack Boorman, 2009. "The Impact of the Financial Crisis on Emerging Market Economies: The Transmission Mechanism, Policy Response and Lessons," Papers Presented at Global Meetings of the Emerging Markets Forum 2009crisisimpact, Emerging Markets Forum.
    5. Serena Ng & Pierre Perron, 2001. "LAG Length Selection and the Construction of Unit Root Tests with Good Size and Power," Econometrica, Econometric Society, vol. 69(6), pages 1519-1554, November.
    6. World Bank, 2010. "World Development Indicators 2010," World Bank Publications - Books, The World Bank Group, number 4373.
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    More about this item

    Keywords

    Economic integration; global shock; regional shock; India;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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