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Economic Reforms, Capital Inflows and Macro Economic Impact in India

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  • Indrani Chakraborty
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    Abstract

    The effects of the inflows of private foreign capital on some major macroeconomic variables in India are analyzed using quarterly data for the period 1993-99. Cointegration test and The Granger Causality Test are done to understand the relationship between variables [WP No. 311].

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    Bibliographic Info

    Paper provided by eSocialSciences in its series Working Papers with number id:1064.

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    Date of creation: Jul 2007
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    Handle: RePEc:ess:wpaper:id:1064

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    Related research

    Keywords: Private foreign capital; economic reforms; instability; India; cointergration; Granger Causality Test; macro econnomics; macro economic policy;

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    1. Granger, C. W. J. & Newbold, P., 1974. "Spurious regressions in econometrics," Journal of Econometrics, Elsevier, vol. 2(2), pages 111-120, July.
    2. Jeffrey D. Sachs, 1989. "Introduction to "Developing Country Debt and Economic Performance, Volume 1: The International Financial System"," NBER Chapters, in: Developing Country Debt and Economic Performance, Volume 1: The International Financial System, pages 1-36 National Bureau of Economic Research, Inc.
    3. Ghosh, Atish R, 1995. "International Capital Mobility amongst the Major Industrialised Countries: Too Little or Too Much?," Economic Journal, Royal Economic Society, vol. 105(428), pages 107-28, January.
    4. Granger, C. W. J., 1981. "Some properties of time series data and their use in econometric model specification," Journal of Econometrics, Elsevier, vol. 16(1), pages 121-130, May.
    5. Reinhart, Carmen & Khan, Mohsin, 1995. "Macroeconomic Management in APEC Economies: The Response to Capital Inflows," MPRA Paper 8148, University Library of Munich, Germany.
    6. Jeffrey D. Sachs, 1989. "Developing Country Debt and Economic Performance. The International Financial System," NBER Chapters, in: Developing Country Debt and Economic Performance, Volume 1: The International Financial System, pages -12 National Bureau of Economic Research, Inc.
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