Gupta, Rangan; Ye, Yuxiang; Sako, Christopher - Department of Economics, Faculty of Economic and … - 2011
In this paper, we consider the forecasting power, both in- and out-of-sample, of 11 financial variables with respect to the growth rate of Indian industrial production over the monthly out-of-sample period of 2005:4-2011:4, using an in-sample of 1994:1-2005:3. The financial variables used are:...
