Pentecost, Eric J.; Moore, Tomoe - In: Economic development and cultural change 54 (2006) 2, pp. 487-502
This article reappraises the financial repression hypothesis for India in light of the partial liberalization of the financial sector in the early 1990s, using for the first time state-of-the-art multivariate cointegration and vector error correction models (VECM). From this more robust testing...
