Showing 1 - 5 of 5
In this paper we investigate the role of macroeconomic performance, mainly in terms of rates of inflation, in … empirical results, based on panel time-series data and analysis, confirm the anecdotal evidence which suggests that inflation … has had a detrimental effect to growth in the region. All in all, we highlight the fact that excessive inflation has …
Persistent link: https://www.econbiz.de/10010577080
This paper proposes a monetary model with firm entry as a means for alleviating the difficulties of real business cycle models in reproducing the smoothness and persistence of macroeconomic variables together with the volatility of profits and markups. Simulations show that my baseline model...
Persistent link: https://www.econbiz.de/10010719410
This paper examines regional divergence in income across different states in India, and estimates convergence clubs endogenously. The paper makes two useful contributions. First, the data is analyzed using a novel method due to Phillips and Sul (2007) leading to different conclusions in...
Persistent link: https://www.econbiz.de/10010608278
This paper examines the long-run equilibrium and the existence and direction of a causal relationship between carbon emissions, financial development, economic growth, energy consumption and trade openness for India. Our main contribution to the literature on Indian studies lies in the...
Persistent link: https://www.econbiz.de/10010781954
cointegration among the series. In the long run, trade openness promotes economic growth. The growth-led-trade hypothesis is …
Persistent link: https://www.econbiz.de/10010588208