Showing 1 - 10 of 813
India's growing economic strength of recent years has seen it adapting its foreign policy to increase its global … vision, most noticeably in Asia, and has broadened the definition of its security interests. As a result, India … global partnership between them.India and Japan share a special relationship as fellow democracies without hegemonic …
Persistent link: https://www.econbiz.de/10011807618
This paper examines the link between structural change and growth in India. It constructs indices of structural change … structural change. There is one-way causality from structural change to growth in the period 1988-2007, whereas there is no …
Persistent link: https://www.econbiz.de/10010287747
This paper examines the link between structural change and growth in India. It constructs indices of structural change … structural change. There is one-way causality from structural change to growth in the period 1988-2007, whereas there is no …
Persistent link: https://www.econbiz.de/10010288166
choices matter for output volatility and the medium-term level of inflation. Greater monetary independence is associated with … lower output volatility while greater exchange rate stability implies greater output volatility, which can be mitigated if a … inflation rate. We find that trilemma policy configurations affect output volatility through the investment or trade channel …
Persistent link: https://www.econbiz.de/10010331079
This paper offers empirical evidence that real exchange rate volatility can have a signi.cant impact on the long … with relatively low levels of financial development, exchange rate volatility generally reduces growth, whereas for … rate volatility, and outliers. We also offer a simple monetary growth model in which real exchange rate uncertainty …
Persistent link: https://www.econbiz.de/10011430059
spillover index reveals increased integration among the East Asian equity markets, the volatility spillover index experiences … autoregression, we derive return and volatility spillover indices over the rolling sub-sample windows. We show that there is … substantial difference between the behavior of the East Asian return and volatility spillover indices over time. While the return …
Persistent link: https://www.econbiz.de/10010277265
The comparison of the key features of trade integration processes and the economic outcomes in China and India reveals …. Still, China's integration process so far remains characterized by a certain duality. On the one hand the opening up of … trade and FDI in manufactured goods has spurred the emergence of a largely private sector. On the other hand the high level …
Persistent link: https://www.econbiz.de/10011807627
Vector autoregressions (VARs) are economically interpretable only when identified by being transformed into a structural form (the SVAR) in which the contemporaneous variables stand in a well-defined causal order. These identifying transformations are not unique. It is widely believed that...
Persistent link: https://www.econbiz.de/10010263234
This paper explores semi-monotonicity constraints in the distribution of potential outcomes, first, conditional on an instrument, and second, in terms of the response function. The imposed assumptions are strictly weaker than traditional instrumental variables assumptions and can be gainfully...
Persistent link: https://www.econbiz.de/10010315558
This paper analyzes the identifying power of weak convexity assumptions in treatment effect models with endogenous selection. The counterfactual distributions are constrained either in terms of the response function, or conditional on the realized treatment, and sharp bounds on the potential...
Persistent link: https://www.econbiz.de/10010315574