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Examining the decoupling hypothesis for India

  • Shruthi Jayaram

    (NIPFP)

  • Ila Patnaik
  • Ajay Shah

This paper examines the decoupling hypothesis for India. We analyse business cycle synchronisation 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 synchronisation is stronger with industrial countries as a whole as opposed to the co-movement found with the US.

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File URL: http://acjer.eaber.org/node/22972
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Paper provided by East Asian Bureau of Economic Research in its series Trade Working Papers with number 22972.

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Date of creation: Jan 2009
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Handle: RePEc:eab:tradew:22972
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  17. repec:hhs:bofitp:2008_007 is not listed on IDEAS
  18. Fidrmuc, Jarko & Batorova, Ivana, 2008. "China in the World Economy: Dynamic Correlation Analysis of Business Cycles," Working Paper Series RP2008/02, World Institute for Development Economic Research (UNU-WIDER).
  19. Mark Aguiar & Gita Gopinath, 2004. "Emerging market business cycles: the cycle is the trend," Working Papers 04-4, Federal Reserve Bank of Boston.
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