Record Details

“Are Shocks to Real Output Permanent or Transitory?” Evidence from a Panel of Indian States and Union Territories

Journal Transition Studies Review

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Field Value
 
Title “Are Shocks to Real Output Permanent or Transitory?” Evidence from a Panel of Indian States and Union Territories
 
Creator K. G., Suresh
 
Subject —
India ; Mean reversion ; Panel Unit root test ; Per capita GDP ; Unit root
E - E3 - E32 - C23
 
Description Mean reversion properties of per capita SDP of 31 Indian states and Union territories have been analyzed using panel unit root test assuming cross sectional independence among Indian states and later relaxing this assumption. The first generation panel unit root test assuming cross sectional independence shows that Indian per capita GDP data contains unit root. The second generation panel unit root test, relaxing the cross sectional independence assumption, also provides no evidence for mean reversion (stationarity) of Indian per capita GDP. Our results indicate that Indian output data is not reverting back to the natural rate and stabilization policies are required to bring the economy to the equilibrium path.
 
Publisher Journal Transition Studies Review
 
Contributor —
 
Date 2016-06-24
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://transitionacademiapress.org/jtsr/article/view/122
10.14665/1614-4007-23-1-008
 
Source Journal Transition Studies Review; Vol 23, No 1 (2016); 107-113
1614-4015
1614-4007
 
Language eng
 
Relation http://transitionacademiapress.org/jtsr/article/view/122/78
 
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