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Examining the Decoupling Hypothesis for India

Author

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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.

Suggested Citation

  • Ajay Shah & Ila Patnaik & Shruthi Jayaram, 2009. "Examining the Decoupling Hypothesis for India," Working Papers id:2119, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:2119
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Patnaik, Ila & Pundit, Madhavi, 2014. "Is India's Long-Term Trend Growth Declining?," ADB Economics Working Paper Series 424, Asian Development Bank.
    2. Bhattacharya, Rudrani & Pandey, Radhika & Patnaik, Ila & Shah, Ajay, 2016. "Seasonal adjustment of Indian macroeconomic time-series," Working Papers 16/160, National Institute of Public Finance and Policy.
    3. Pandey, Radhika & Patnaik, Ila & Shah, Ajay, 2018. "Business Cycle Measurement in India," Working Papers 18/221, National Institute of Public Finance and Policy.
    4. Ila Patnaik, 2016. "Where is India’s Growth Headed?," Working Papers id:8436, eSocialSciences.
    5. Dilip Nachane & Amlendu Kumar Dubey, 2013. "Trend and cyclical decoupling: new estimates based on spectral causality tests and wavelet correlations," Applied Economics, Taylor & Francis Journals, vol. 45(31), pages 4419-4428, November.

    More about this item

    Keywords

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

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F15 - International Economics - - Trade - - - Economic Integration
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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