Time varying dynamics of globalization effect in India
| Autor: | Shikha Gupta, Nand Kumar |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2023 |
| Předmět: |
Macroeconomics
Economics and Econometrics 050208 finance Stochastic volatility Time-varying parameter estimations 05 social sciences Protectionism Slowbalization Globalization 0502 economics and business Economics 050207 economics Dimension (data warehouse) General Economics Econometrics and Finance Economic growth Pace |
| Popis: | The link between globalization and economic growth is getting complex as the propagators of globalization are opting protectionism. The paper attempts to identify the time-varying dimension of globalization in India from Q2 1996 to Q3 2019. The aim is to capture the portion of growth explained by domestic and foreign factors suggesting the pace of globalization. The factor-induced domestic and foreign loadings are used in Time-Varying Parameter Regression and Time-Varying Parameter Autoregressive approach to indicate the evidence for slowbalization in India. The models combined with stochastic volatility, aid in capturing the structural changes in the economy in a robust manner. info:eu-repo/semantics/publishedVersion |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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