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

Yu Hsing, Wen Jen Hsieh

研究成果: Article

摘要

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.

原文English
文章編號20170010
期刊Global Economy Journal
13
發行號1
DOIs
出版狀態Published - 2017 一月 1

    指紋

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

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