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Examining the Decoupling Hypothesis for India

  • Ajay Shah


  • Ila Patnaik


  • Shruthi Jayaram

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
Date of revision:
Handle: RePEc:ess:wpaper:id:2119
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  20. M. Ayhan Kose & Kei-Mu Yi, 2001. "International Trade and Business Cycles: Is Vertical Specialization the Missing Link?," American Economic Review, American Economic Association, vol. 91(2), pages 371-375, May.
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