Theoretical and Applied Economics
No. 4 / 2015 (605), Winter
Structural Breaks and Unit Roots in Indian Macroeconomic Variables
IBS-Hyderabad, IFHE University, Hyderabad, India
C.S. SHYLAJAN
IBS-Hyderabad, IFHE University, Hyderabad, India
Abstract. This study intends to examine the presence of structural breaks in Indian GDP, GNP and its various components. We have used recently developed unit root test suggested by Narayan and Popp (2010), which can identify two structural breaks. It is found that the extensive reforms in the 1990’s affected the growth of GDP, GNP and sectors such as trade, Finance and public administration while agriculture and manufacturing sectors are unaffected. The 1980’s initial reforms have impact on GDP, GNP, Finance and public administration. It is found that post 1990 reforms implemented in India failed to have an effect on agriculture and manufacturing. This necessitates further reforms in agriculture and manufacturing sector to accelerate the growth in these sectors. This is the first study to use the Narayan and Popp (2010) unit root test with two structural breaks to check the stationarity of the economic times series and identify the breaks in Indian context.
Contents
Social Innovation in the Local Public Sector: A Cross-Regional Approach for Romania
Testing the Validity of Political Business Cycle for the Fragile Five Countries
Fuel Price Volatility and Asymmetric Transmission of Crude Oil Price Changes to Fuel Prices
Analysis of Gross Domestic Product Evolution under the Influence of the Final Consumption
Gender-based Segregation before and after the Great Recession
Does Expenditure on Education Affect Economic Growth in India? Evidence from Cointegration and Granger Causality Analysis
Measuring the Influence of the J-Curve Effect on Trade in Romanian Forest Products
An Assessment of Customer Shared Value in the Restaurant Industry – a Survey from Sweden
Modelling optimal execution strategies for Algorithmic trading
Macroeconomic Effects of Inflation Targeting: Evidence from the Middle and High-Income Countries
Model of Analysis of Electronical Instruments Services in Romania
Banking Business and Social Media – A Strategic Partnership
The Interest Rate Corridor as a Macroprudential Tool to Mitigate Rapid Growth in Credits: Evidence from Turkey
Structural Breaks and Unit Roots in Indian Macroeconomic Variables
Analysis Model of GDP Dependence on the Structural Variables
Does Financial Development Influence Economic Growth in India?
Multidimensional Analysis of Performances in a Credit Brokerage Entity
Analysis of National Health Strategy 2014-2020
Threshold Effect of Public Debt on Domestic Investment: Evidence from Selected African Countries
Service Sector, Human Capital Accumulation and Endogenous Growth
The Communication Paradigms in Education
The Influence of Lending Activity on Economic Growth in Romania
Blended Learning – A Path towards Modernizing Higher Economic Education?
The Role of Epistemological Paradigms in Research in Social Sciences and Humanities
New Challenges for Agriculture within the Context of Climate Change
The Insertion of Young Economists in the Labor Market through the Specialty Practice. The Bucharest-Ilfov Region
Testing for Multiple Bubbles in the 35 Large and Medium Cities of Real Estate Price in China
Equilibriums and Economic Rationality in “the House of Life”
The Correlation between Employment and Productivity of Older Workers
Current Demographic Trends – A New Challenge for the Labour Market
The Great Transformation. The Formulation of New Models