Dating Business Cycles in India
This paper presents a chronology of Indian business cycle in the post-reform period. The period before reforms primarily saw monsoon cycles. We find three episodes of recession in the post-reform period: 1999Q4 to 2003Q1, 2007Q2 to 2009Q3, and 2011Q2 to 2012Q4. We find that the average duration of expansion is 12 quarters and the average duration of recession is 9 quarters. The diversity in duration of expansion is seen to be 0.34 while the diversity in duration of recession is 0.31. We find that the amplitude of recession is relatively more diverse at 0.45 while the diversity in amplitude of expansion is 0.38.
References listed on IDEAS
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- Patnaik, Ila & Pundit, Madhavi, 2014. "Is India's Long-Term Trend Growth Declining?," ADB Economics Working Paper Series 424, Asian Development Bank.
- Rand, John & Tarp, Finn, 2002.
"Business Cycles in Developing Countries: Are They Different?,"
Elsevier, vol. 30(12), pages 2071-2088, December.
- Rand, John & Tarp, Finn, 2001. "Business Cycles in Developing Countries: Are They Different?," MPRA Paper 62445, University Library of Munich, Germany.
- Halan, Monika & Sane, Renuka, 2016. "Misled and Mis-sold: Financial Misbehaviour in Retail Banks?," Working Papers 16/174, National Institute of Public Finance and Policy.
- Sapre, Amey & Sinha, Pramod, 2016. "Some areas of concern about Indian Manufacturing Sector GDP estimation," Working Papers 16/172, National Institute of Public Finance and Policy. Full references (including those not matched with items on IDEAS)