Finance Growth Nexus Evidence From Indian Economy Using Causality Co Integration Test Based On Error Correction Model

Author : Manoj Dora
Publisher : GRIN Verlag
Page : 73 pages
File Size : 47,6 Mb
Release : 2009-10-26
Category : Electronic
ISBN : 9783640456949

Get Book

Finance-Growth Nexus: Evidence from Indian Economy Using Causality Co-Integration Test Based on Error Correction Model by Manoj Dora Pdf

Master's Thesis from the year 2009 in the subject Business economics - General, grade: A, Vanderbilt University (Graduate Program in Economic Development), course: Masters in Economics, language: English, abstract: This study explores the relationship between financial growth and economic development in India using time series data over the period 1950-2007. The majority of the previous studies on this subject have used cross-sectional data, which may not address country specific issues. In addition, many studies used either OLS technique of estimation or bi-variate causality test and may, therefore suffer from the omission-of variable bias. This study attempts to examine the dynamic relationship between financial growth and economic development by including a range of financial variables like, quasi money for monetization, domestic credit for financial intermediation activities and bank asset for financial intermediary institutions. The casual relationship between economic development and financial growth indicators was examined with the help of Granger-Causality procedure based on Unrestricted Vector Auto Regression using the error correction term. The result from the cointegration tests indicates that financial development has a long-run equilibrium with economic growth. The financial sector and real sector move and evolve together in the same direction. The error correction model suggests that, in the short-run, the output variable is the only effective adjustment factor in the system that responds to the fluctuations of financial measures and domestic capital formation. On the other hand, the response of financial intensities and investments are sluggish adjustments that correct the deviation from equilibrium. In nutshell, this study shows that India's financial development and economic growth are positively correlated; the process of economic development is not sustainable without the contributions of the financial sector and vice versa.

Author : Deepak P. Sable
Publisher : Educreation Publishing
Page : 380 pages
File Size : 45,6 Mb
Release : 2017-07-23
Category : Education
ISBN : 8210379456XXX

Get Book

Causuality Between Finance and Growth by Deepak P. Sable Pdf

This book attempts to study causal relationships between several measures of financial sector growth and deepening and economic growth in the Indian context, using annual data from 1950-51 to 2008-09. The relationship between financial sector development and economic growth can be analyzed from three angles: financial deepening leading to economic growth, economic growth leading to financial deepening and a bi-directional relationship between the two. The book gives a detailed description of the data used in this study, book further describes the empirical methodology, the main tool of analysis are the method of Granger causality, Error correction Mechanism, Impulse Response Function (IRF) and Co-integration explained. The data used are annual data from Handbook of Statistics on the Indian Economy; Statistical Tables Relating To Banks in India, Banking Statistics, NSE News (Private Circulation), Fact Book of NSE, BSE annual reports, and Handbook of Statistics on The Indian Security Market by SEBI. All the variables were tested for unit roots using the Dickey-Fuller test (1979) which have been referred from the Enders (2003) to find out stationarity and study considers critical values at 5 per cent significance level. Unit root test is performed by using the R software and difference operators have been indicated with the numerical value. This study applied Granger causality test to verify causality between various variables of financial deepening and Gross Domestic Product and Per Capita Income as indicators of economic growth. It is shown that for a wide range of financial variables, financial deepening does indeed cause economic growth. However, the causality is not unidirectional; in a feedback relationship, economic growth too causes financial sector deepening. The study supports the claims of all three schools.

Author : Anonim
Publisher : Universal-Publishers
Page : 109 pages
File Size : 40,8 Mb
Release : 2011-09-28
Category : Electronic
ISBN : 9781612335407

Get Book

International Journal of Development Research and Quantitative Technique: Vol.1, No.1 by Anonim Pdf

Author : Angeliki Menegaki
Publisher : Academic Press
Page : 336 pages
File Size : 55,8 Mb
Release : 2020-11-10
Category : Business & Economics
ISBN : 9780128190401

Get Book

A Guide to Econometric Methods for the Energy-Growth Nexus by Angeliki Menegaki Pdf

A Guide to Econometric Methods for the Energy-Growth Nexus presents, explains and compares all the available econometrics methods pertinent to the energy-growth nexus. Chapters cover methods and applications, starting with older econometric methods and moving toward new ones. Each chapter presents the method and facts about its applications, providing step-by-step explanations about the ways the method meets the demands of the field. In addition, applied case studies and practical research steps are included to enhance the learning process. By touching on all relevant econometric methods for the energy-growth nexus, this book gives energy-growth researchers and students all they need to tackle the subject matter. Presents econometric methods for short- and long-term forecasting Provides methods and step-by-step explanations on the ways the method meets the demands of the field Contains applied case studies and practical research steps

Author : Sorhun, Engin,Hac?o?lu, Ümit,Dinçer, Hasan
Publisher : IGI Global
Page : 355 pages
File Size : 52,6 Mb
Release : 2014-11-30
Category : Business & Economics
ISBN : 9781466673090

Get Book

Regional Economic Integration and the Global Financial System by Sorhun, Engin,Hac?o?lu, Ümit,Dinçer, Hasan Pdf

In theory, regionalism and globalization are intended to be viewed as two separate concepts. However, as long as the approaches complement each other, considering these paradigms in tandem can have significantly positive effects on the overall status of the world economy. Regional Economy Integration and the Global Financial System addresses recent trends in regional integration projects and the strides that such projects are making on the road toward globalization. Focusing on a range of economic projects, emerging supranational units, and possible implications for future trends, this book is an essential reference source for professionals, scholars, and institutions interested in the dynamic effects of regionalism and globalization.

Author : Angeliki Menegaki
Publisher : Academic Press
Page : 402 pages
File Size : 54,6 Mb
Release : 2018-03-29
Category : Business & Economics
ISBN : 9780128127476

Get Book

The Economics and Econometrics of the Energy-Growth Nexus by Angeliki Menegaki Pdf

The Economics and Econometrics of the Energy-Growth Nexus recognizes that research in the energy-growth nexus field is heterogeneous and controversial. To make studies in the field as comparable as possible, chapters cover aggregate energy and disaggregate energy consumption and single country and multiple country analysis. As a foundational resource that helps researchers answer fundamental questions about their energy-growth projects, it combines theory and practice to classify and summarize the literature and explain the econometrics of the energy-growth nexus. The book provides order and guidance, enabling researchers to feel confident that they are adhering to widely accepted assumptions and procedures. Provides guidance about selecting and implementing econometric tools and interpreting empirical findings Equips researchers to get clearer pictures of the most robust relationships between variables Covers up-to-date empirical and econometric methods Combines theory and practice to classify and summarize the literature and explain the econometrics of the energy-growth nexus

Author : Anonim
Publisher : Universal-Publishers
Page : 57 pages
File Size : 51,7 Mb
Release : 2024-06-30
Category : Electronic
ISBN : 9781612335643

Get Book

International Journal of Economics and Business Studies: Vol.1, No.2 by Anonim Pdf

Author : Aswini Kumar Mishra,Vairam Arunachalam,Debasis Patnaik
Publisher : Springer
Page : 284 pages
File Size : 55,6 Mb
Release : 2018-09-13
Category : Business & Economics
ISBN : 9783319995557

Get Book

Current Issues in the Economy and Finance of India by Aswini Kumar Mishra,Vairam Arunachalam,Debasis Patnaik Pdf

This proceedings volume highlights important points of achieving a balanced and sustained growth path from diverse economics and finance perspectives, touching on a wide array of economic and social analyses in India. Featuring contributions presented at the 2018 International Conference on Economics and Finance (ICEF-2018) held at the Birla Institute of Technology and Science, Pilani, Goa, India, the enclosed papers explore topics such as inflation dynamics, information transmission in post-recession era, leverage effect and volatility asymmetry, structural change and economic growth and reforming tax systems, among others. The Indian economy today is remarkable and, not surprisingly, it is growing very rapidly. It has emerged as the fastest growing major economy in the world as per the Central Statistical Organization (CSO) and International Monetary Fund (IMF) and it is expected to be one of the top three economic powers of the world over the next 10 to15 years, backed by its strong democracy and partnership. At the backdrop of impressive progress of the Indian economy during the last two decades, the question that remains to be answered is does India still have a long way to go before it is functioning well as a market economy? This book critically examines the performance of the Indian economy at the national, state and sectorial levels. Featuring contributions from leading academicians, scholars and practitioners from Asia and the rest of the world, this book is an asset to students, professors, scholars, practitioners and policy makers in the areas of India economics, finance and sustainable development.

Author : Sharifah Zannierah Syed Marzuki,Wan Kalthom Yahya
Publisher : UiTM Press
Page : 255 pages
File Size : 41,9 Mb
Release : 2020-11-25
Category : Business & Economics
ISBN : 9789673636709

Get Book

The Emergence Of Global Halal Business 2nd Edition (UiTM Press) by Sharifah Zannierah Syed Marzuki,Wan Kalthom Yahya Pdf

Offers a new dimension to the halal industry as the chapters cover various aspects from marketing, food tourism, economics, internal marketing, corporate governance, accounting, hospitality to halal certification that deal with complying to the halal standard. Interesting fact on Islamic dietary laws amalgamates the business practices in the hospitality sector with Muslim religious needs. As such, Islamic principles must be adhered at all times as far as halal business is concerned. This book focuses Islamic interdisciplinary and will appeal to students, academician, researchers and halal industry practitioners.

Author : Ramesh Chandra Das
Publisher : Taylor & Francis
Page : 399 pages
File Size : 42,5 Mb
Release : 2024-06-07
Category : Business & Economics
ISBN : 9781040039489

Get Book

Convergence and Developmental Aspects of Credit Allocations in BRICS Nations by Ramesh Chandra Das Pdf

This book explores the levels of cooperation and the phenomenon of convergence among BRICS nations. It provides an in-depth look into the financial and banking systems among these rapidly developing economies and the steps they have taken to foster development and counter inequalities. Of the many factors in determining the income and wealth of a country as well as a group of countries, commercial bank credit, a well-known financial indicator, has been an important one. This book analyses the governance and structure of the New Development Bank and its effects on group members for peer growth and to defend against any external economic and political shocks. It looks at how much of an influence the commercial bank credit, or simply the credit, has upon the income levels of the BRICS member countries, how equitable they are, whether they are converging in credits and incomes, and other such issues. It also focuses on India’s credit aspects of inclusiveness and convergence. With a strong empirical model estimation, this book will be of interest to students and researchers of economics, finance, management, political studies, international relations, and international trade.

Author : Stephane Goutte,Duc Khuong Nguyen
Publisher : World Scientific
Page : 827 pages
File Size : 47,7 Mb
Release : 2020-01-30
Category : Business & Economics
ISBN : 9789813278394

Get Book

Handbook Of Energy Finance: Theories, Practices And Simulations by Stephane Goutte,Duc Khuong Nguyen Pdf

Modeling the dynamics of energy markets has become a challenging task. The intensification of their financialization since 2004 had made them more complex but also more integrated with other tradable asset classes. More importantly, their large and frequent fluctuations in terms of both prices and volatility, particularly in the aftermath of the global financial crisis 2008-2009, posit difficulties for modeling and forecasting energy price behavior and are primary sources of concerns for macroeconomic stability and general economic performance.This handbook aims to advance the debate on the theories and practices of quantitative energy finance while shedding light on innovative results and technical methods applied to energy markets. Its primary focus is on the recent development and applications of mathematical and quantitative approaches for a better understanding of the stochastic processes that drive energy market movements. The handbook is designed for not only graduate students and researchers but also practitioners and policymakers.

Author : Bandi Kamaiah,C.S. Shylajan,S. Venkata Seshaiah,M. Aruna,Subhadip Mukherjee
Publisher : Springer
Page : 223 pages
File Size : 50,8 Mb
Release : 2018-01-12
Category : Business & Economics
ISBN : 9789811058103

Get Book

Current Issues in Economics and Finance by Bandi Kamaiah,C.S. Shylajan,S. Venkata Seshaiah,M. Aruna,Subhadip Mukherjee Pdf

This book discusses wide topics related to current issues in economic growth and development, international trade, macroeconomic and financial stability, inflation, monetary policy, banking, productivity, agriculture and food security. It is a collection of seventeen research papers selected based on their quality in terms of contemporary topic, newness in the methodology, and themes. All selected papers have followed an empirical approach to address research issues, and are segregated in five parts. Part one covers papers related to fiscal and price stability, monetary policy and economic growth. The second part contains works related to financial integration, capital market volatility and macroeconomic stability. Third part deals with issues related to international trade and economic growth. Part four covers topics related to productivity and firm performance. The final part discusses issues related to agriculture and food security. The book would be of interest to researchers, academicians as a ready reference on current issues in economics and finance.

Author : Muhammad Shahbaz,Aviral Kumar Tiwari,Avik Sinha
Publisher : Elsevier
Page : 498 pages
File Size : 40,6 Mb
Release : 2021-11-12
Category : Technology & Engineering
ISBN : 9780128244418

Get Book

Energy-Growth Nexus in an Era of Globalization by Muhammad Shahbaz,Aviral Kumar Tiwari,Avik Sinha Pdf

Energy Growth Nexus in an era of Globalization reviews current research and practical policy considerations reflective of the ongoing transformation, covering four broad globalization themes from existing research literature: energy consumption, renewable energy consumption, financial markets and energy markets. Within these themes, contributors evaluate transformations in the energy-growth association relating to economic slowdowns, trade patterns, impacts of globalization, cross-border technological spillovers, changes in the risk profile of the countries, advent of Sustainable Development Goals (SDGs), changes in the pattern of cross-border labor force migration, and rising environmental awareness, among many other considerations. Policymakers, energy economists, and energy researchers in a range of connected disciplines will find this to be a great resource on the energy growth sector. Addresses globalization relating to energy consumption, environmental quality, econometrics and energy markets Demonstrates how to design effective energy and environmental policies in a rapidly globalizing world within a Sustainable Development Goals (SDGs) framework Reviews open research questions relevant to energy-growth nexus so policymakers can bring forth socioeconomic stability

Author : Subrata Saha,Mukunda Mishra,Anil Bhuimali
Publisher : Springer Nature
Page : 513 pages
File Size : 48,5 Mb
Release : 2022-02-04
Category : Business & Economics
ISBN : 9789811657559

Get Book

Economic and Societal Transformation in Pandemic-Trapped India by Subrata Saha,Mukunda Mishra,Anil Bhuimali Pdf

This book acquaints the reader with the critical changes in India’s economy and society amidst the unprecedented pandemic outbreak of COVID-19, which has been devastating by breaking all prior records of illness and fatality. The present crisis is shown to be more than an acute health hazard as it carries with it other threats associated with the economy, society, culture, psychology, and politics. The dynamic driving forces that have a significant bearing on life, space, and time are explored, providing a basis on which social scientists can understand the prevailing equations and project the unforeseen future to contribute to a policymaking mechanism. The Indian scenario presented here takes into account how the COVID-19-induced lockdown of transport services, closing of factories, and restrictions on mobilization have caused the economy to face a recession, affecting mostly the unorganized sector. Travel restrictions and quarantines affecting hundreds of millions of people have left Indian factories short of labour, causing havoc in the production system. Semi-skilled jobholders have lost their employment, and the country has witnessed the plight of large pools of migrant labourers returning on foot to their homelands hundreds of miles away with their families and belongings. Contributors to this volume are drawn from diverse disciplines, displaying the solidarity of academic knowledge in a physically divided world. This common platform is provided to the practitioners of relevant academic disciplines under the umbrella of regional sciences – a forum for the exchange of ideas that may be effective in the sustainable management of the crisis and a way forward after it is mitigated. Thought-provoking discussions regarding different facets of the crisis are relevant not only to the current times but also to being prepared for the unforeseen post-COVID economic and societal order.

Author : Irfan Ullah,Ashfaq Ahmad Shah,Bilal,Rocky J. Dwyer
Publisher : Frontiers Media SA
Page : 185 pages
File Size : 51,8 Mb
Release : 2024-01-15
Category : Science
ISBN : 9782832541579

Get Book

Nexus Between Innovations, Environmental Challenges and Labor Mobility by Irfan Ullah,Ashfaq Ahmad Shah,Bilal,Rocky J. Dwyer Pdf

Theoretical arguments associate labor migration and regional innovation capacity are based on technological innovation and knowledge diffusion that stimulate productivity increase in firms, institutions and regions. Labor mobility may contribute efficiently in the knowledge spillover and diffusion and because migrants can utilizes the knowledge and skill they gain from parental institutions which exploit in the host country. The migrated skill worker increase the knowledge accumulation and spillover which leads to increase the productivity of firm, institutions and region. Human capital migration is essential for knowledge diffusion because it enables the transfer of tacit information between businesses or institutions, enhancing productivity. In this context of externalities generation, skilled labor mobility is an important mechanism for the interregional transfer of technological knowledge diffusion.