Arbeitspapier
Balance of Payments Constrained Growth Model: The Case of India
This study applies the Balance of Payments Constrained Growth (BPCG) model to India, a large developing country with a relatively low trade to GDP ratio. Rather than assuming similar elasticities of substitution between goods produced in different regions, the study extends the model to relax these assumptions. Johansens cointegration technique is employed to estimate trade parameters. Short-run adjustments are explored within a vector error correction framework. The average growth rates predicted by various forms of the BPCG hypothesis are found to be close to the actual average growth rate over the period 1950-1999, although individual decades display substantial deviations. JEL Categories: F43, F14, E12
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2005-05
- Klassifikation
-
Wirtschaft
- Thema
-
Balance of payments-related constraints
real exchange rates
Johansens cointegration technique
strong form
weak form
trade multiplier
import compression
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Razmi, Arslan
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Massachusetts, Department of Economics
- (wo)
-
Amherst, MA
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
- 10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Razmi, Arslan
- University of Massachusetts, Department of Economics
Entstanden
- 2005
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