Is Real Depreciation or Rising Government Debt Contractionary in India? A Simultaneous-Equation Model

Yu Hsing, Wen Jen Hsieh

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

Abstract

Based on a sample during 1978-2014, this paper finds that India's real GDP has a positive relationship with real depreciation during 1978-2002, the government debt/GDP ratio, the real stock price, the growth rate of U.S. real GDP, and a negative relationship with real depreciation during 2003-2014, the real lending rate and the expected inflation rate. Therefore, the stage of economic development may play an important role in deciding whether real depreciation or real appreciation may promote economic growth.

Original languageEnglish
Article number20170010
JournalGlobal Economy Journal
Volume13
Issue number1
DOIs
Publication statusPublished - 2017 Jan 1

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

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