This paper examines the validity of Purchasing Power Parity (PPP) in the context of South Asian countries namely India, Sri Lanka and Pakistan. The study verifies the PPP hypothesis that it is more pronounced either in developed countries as a group or developing countries but not between...

This paper examines the role of Foreign Direct Investment (FDI) in promoting economic growth via export promotion by using quarterly data relating to the period 1991-I to 2000-IV. The study uses the Johansen co-Integration test, and the results demonstrate that there is a long-run relationship...

This paper examines the long-run relationship between the real exchange rate and productivity differentials on traded and non-traded goods in India and Japan by using the data relating to the period from 1974 to 1998. The study uses the co-integration technique and finds that there is an...

This paper examines the dynamic relationship between fiscal deficits, money supply, and price level in India during the period 1960-61 to 1999-2000. Using vector autoregression (VAR) econometric methodology, which allows variables to be treated as potentially endogenous, the study finds that...