TY - JOUR
T1 - Is Real Depreciation or Rising Government Debt Contractionary in India? A Simultaneous-Equation Model
AU - Hsing, Yu
AU - Hsieh, Wen Jen
PY - 2017/1/1
Y1 - 2017/1/1
N2 - 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.
AB - 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.
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U2 - 10.1515/gej-2017-0010
DO - 10.1515/gej-2017-0010
M3 - Article
AN - SCOPUS:85020550420
VL - 13
JO - Global Economy Journal
JF - Global Economy Journal
SN - 1524-5861
IS - 1
M1 - 20170010
ER -
