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In the light of the recent observation that the relationship between financial development and economic growth is one of non-linear and limitations of granger test, this paper re-examined relationship in the framework of non-linear Granger causality employing (Diks and Panchenko in Stud...
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Purpose - Though an accumulating body of study has analysed monetary policy transmission in India, there are few … level in India. Design/methodology/approach - The study develops a structural macroeconometric model, which is primarily … of studies have examined the monetary transmission mechanism in India, a very few studies examining the differential …
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