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Purchasing power parity (PPP) exchange rates are extensively used by researchers and by policymakers. This paper proposes and implements a new methodology for calculating PPPs using information on unit values from household surveys. Although unit values are not identical to prices, they have...
Persistent link: https://www.econbiz.de/10014070730
This paper analyses the India sovereign yield to find out the principal factors affecting the term structure of interest rate changes. We apply Principal Component Analysis (PCA) on our data consisting of zero coupon interest rates derived from government bond trading using Nelson-Siegel...
Persistent link: https://www.econbiz.de/10013105678
This paper examines the stabilization role of the flexible exchange rate in theface of asymmetric shocks for one of the prominent emerging markets and openeconomies, India, using a sign-identified structural Bayesian vector autoregressionmodel over the post reform period 1996-2019. My results...
Persistent link: https://www.econbiz.de/10014353600
The East Asian crisis of 1997-98 and the Mexican crisis of 1994 generated much concern among policy analysts regarding the role of macroeconomic policies in the management of capital inflows. A series of economic reform measures including liberalization of foreign capital inflows were initiated...
Persistent link: https://www.econbiz.de/10005706149
In this study spanning four decades, we explored the relationship between the Reserve Bank of India's (RBI) interventions and the validity of Purchasing Power Parity (PPP) across two distinct exchange rate regimes: the fixed exchange rate regime (1975-1993) and the managed floating regime...
Persistent link: https://www.econbiz.de/10014635893
We measure firm-level productivity changes in the Indian electricity sector during a period that witnessed several pro … decomposition of productivity into components of changes in technology, efficiency, scale and price effect. During this period …, especially post Electricity Act 2003, we observed a general decline in firm-level productivity at the mean rate of -1.6% per year …
Persistent link: https://www.econbiz.de/10013087453
while there was an increase in the productivity of factor inputs during the 1990s, most of the growth in value added is …
Persistent link: https://www.econbiz.de/10013325338
while there was an increase in the productivity of factor inputs during the 1990s, most of the growth in value added is … value added. -- Productivity ; growth decomposition ; efficiency ; manufacturing …
Persistent link: https://www.econbiz.de/10003656923
Persistent link: https://www.econbiz.de/10010337916
Persistent link: https://www.econbiz.de/10014320611