A Leading Index for the Indian Economy
Over the last few decades, the Indian economy has experienced both classical business cycles and the cyclical fluctuations in its growth rate known as growth rate cycles. In the years since the liberalization of the economy began, these cycles have been driven more by endogenous factors than by exogenous shocks. From the point of view of both policy-makers and businesses, therefore, it is important to find a way to predict Indian recessions and recoveries, along with slowdowns and speedups in growth. This paper adopts a classical leading indicator approach to the problem. [Working Paper No. 90]
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- Gerhard Bry & Charlotte Boschan, 1971. "Cyclical Analysis of Time Series: Selected Procedures and Computer Programs," NBER Books, National Bureau of Economic Research, Inc, number bry_71-1, August.
- Pami Dua & Anirvan Banerji, 2000. "An Index of Coincident Economic Indicators for the Indian Economy," Working papers 73, Centre for Development Economics, Delhi School of Economics.
- Amartya Sen, 1992. "Markets and Governments," Boston University - Institute for Economic Development 28, Boston University, Institute for Economic Development.
- Layton, Allan P & Moore, Geoffrey H, 1989. "Leading Indicators for the Service Sector," Journal of Business & Economic Statistics, American Statistical Association, vol. 7(3), pages 379-86, July.
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