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This paper reassesses the empirical evidence on the finance-growth nexus for India through a large annual data set (1950-2006) and contributes to the current literature in many respects. Differently from most previous research, the empirical evidence supports the ‘demand-following’...
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This paper reassesses the dynamic links between trade and growth in India during the post-independence period. The main result is a short-run bi-directional relationship between exports and output growth. This finding is supported both by standard Granger causality tests, and by an alternative...
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This paper assesses the sustainability of fiscal policy in India from 1950 to 2010 using multicointegration techniques. Starting from the seminal approach of Granger and Lee (1989), the analysis is extended through more powerful econometric methodologies, including several types of...
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