An attempt has been made in the present paper to see is there long run equilibrium relationship between India’s exports and imports during the 1949-50 to 2004-05. The empirical results based on unit root tests, co integration and error correction modeling exemplifies that the exports and...

This paper aims to investigate the mechanism of adjustment in the labor market with respect to changes in GDP. For this purpose, the response of employment, i.e. demand for labor, to the changes in GDP is modeled as an error correction model (ECM). The results indicate that the adjustments in...

This paper examines the structural flexible accelerator model of investment with time series model. The Box-Jenkins methodology of ARIMA specification has been used for the estimated residuals of the multivariate Flexible Accelerator Model. I then reestimate the time series model and structural...

The empirical evidence indicates that the overall macro impact of the adjustment programme was not adverse. Investment, government expenditure, absorption exports, imports, terms of trade and money supply had a significant deviation during the years 1991-2004. Exchange rate has been depreciating...