Purpose – The purpose of this study is to attempt to analyze Granger causality in the frequency domain framework between producers' prices measured by wholesale price index (WPI) and consumers' prices measured by consumer price index (CPI) in the context of India. Design/methodology/approach...

This study attempts to analyze the effect of volatility in the real exchange rate of Indian Rupee with US Dollar, UK Pound, Euro and Japanese Yen on India’s real exports of agricultural commodities such as Tea, Coffee, Cereals and Rice to Euro area, USA, UK and Japan for the period 2002-2009...

Purpose – The purpose of this paper is to examine the long-run sustainability of trade deficits for the ASEAN-five economies, viz., Indonesia, Malaysia, the Philippines, Myanmar and Thailand, in the presence of structural breaks. Design/methodology/approach – It utilizes the Saikkonen and...

The purpose of the paper is to revisit the inflation–output gap relationship using a new approach known as the wavelet transform. This approach combines the classical time series analysis with frequency domain analysis and presents the advantages of assessing the co-movement of the two series...

We assess the out-of-sample forecasting performance of eight models on Indian real exports and imports. The results, in large part show only a slight increase or no clear increase in India's international trade. However, the results are very robust when comparing the predictions in terms of...

The study analyzed dynamics of the relationship between tourism, energy consumption, and climate change for 25 OECD countries during 1995-2005. For the analysis, Panel VAR (PVAR) model was used. Results of panel unit root-tests show that tourism is nonstationary in the level form but stationary...

Purpose – The purpose of this paper is to examine the long-run sustainability of trade deficits for the ASEAN-five economies, viz., Indonesia, Malaysia, the Philippines, Myanmar and Thailand, in the presence of structural breaks. Design/methodology/approach – It utilizes the Saikkonen and...

Purpose – The purpose of this paper is to investigate the impact of financial development on the rural-urban income inequality in India using annual data from 1965 to 2008. Design/methodology/approach – The Ng-Perron unit root test is utilised to check for the order of integration of the...

The study examinations lead-lag relationship between real oil price (ROP) and real trade balance (RTB) for India using monthly data and covering period from January 1980 to December 2011. To in depth examine the issue, study decomposes the time-frequency relationship between ROP and RTB...

This paper examines the direction, strength and extent of causal relationship between futures and spot prices of Indian commodity markets using frequency domain approach of Breitung and Candelon (2006). Frequency domain analysis offers an effective alternative tool by examining the causality in...