Examining the Decoupling Hypothesis for India
Published By: NIPFP on eSS | Published Date: June, 19 , 2009This paper examines the decoupling hypothesis for India. This paper analyses business cycle synchronization between India and a set of industrial economies, particularly the United States, over the period 1992 to 2008. The evidence suggests that the Indian business cycle exhibits increasing co-movement with business cycles in industrial economies over this period. Indian business cycle synchronization is stronger with industrial countries as a whole as opposed to the co-movement found with the US.
Author(s): Ajay Shah, Ila Patnaik, Shruthi Jayaram | Posted on: Jul 07, 2009 | Views(1767) | Download (711)