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Examining the Decoupling Hypothesis for India

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  • Ajay Shah

    ()

  • Ila Patnaik

    ()

  • Shruthi Jayaram

Abstract

This paper examines the decoupling hypothesis for India. This paper analyses business cycle synchronization between India and a set of industrial economies, particularly the United States, over the period 1992 to 2008. The evidence suggests that the Indian business cycle exhibits increasing co-movement with business cycles in industrial economies over this period. Indian business cycle synchronization is stronger with industrial countries as a whole as opposed to the co-movement found with the US.

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Paper provided by eSocialSciences in its series Working Papers with number id:2119.

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Date of creation: Jul 2009
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Handle: RePEc:ess:wpaper:id:2119

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Keywords: Business cycles; synchronization; decoupling; trade; dynamic correlation;

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Citations

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Cited by:
  1. Ghate, Chetan & Pandey, Radhika & Patnaik, Ila, 2013. "Has India emerged? Business cycle stylized facts from a transitioning economy," Structural Change and Economic Dynamics, Elsevier, Elsevier, vol. 24(C), pages 157-172.
  2. Ghate, Chetan & Pandey, Radhika & Patnaik, Ila, 2011. "Has India emerged? Business cycle facts from a transitioning economy," Working Papers, National Institute of Public Finance and Policy 11/88, National Institute of Public Finance and Policy.

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