Behera, Smruti Ranjan - In: Economics Bulletin 35 (2015) 1, pp. 430-440
This paper examines the Saving-Investment (S-I) relationship and the extent of capital mobility in India during the period 1970-2010. We find that S-I are cointegrated, but the error correction model exhibits structural instability on the onset of balance of payment crisis in the 1990s and...