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
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2005-05
- Classification
-
Wirtschaft
- Subject
-
Balance of payments-related constraints
real exchange rates
Johansens cointegration technique
strong form
weak form
trade multiplier
import compression
- Event
-
Geistige Schöpfung
- (who)
-
Razmi, Arslan
- Event
-
Veröffentlichung
- (who)
-
University of Massachusetts, Department of Economics
- (where)
-
Amherst, MA
- (when)
-
2005
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Razmi, Arslan
- University of Massachusetts, Department of Economics
Time of origin
- 2005
Other Objects (12)
The debate over 'Thirlwall's law': balance-of-payments-constrained growth reconsidered
Balance of payments dilemmas
Balance of payments statistics
Rehabilitation of balance of payments
Towards determining Nigeria's economic growth path: A balance-of-payments constrained growth approach
Exploring the robustness of the balance of payments-constrained growth idea in a multiple good framework
Impact on British balance of payments
The US balance of payments problem
The European balance of payments crisis
Finland's balance of payments, 1890-1913
Is Pakistan's Growth Rate Balance-of-Payments Constrained? Policies and Implications for Development and Growth
The role of intermediate inputs in a multisectoral balance-of-payments-constrained growth model: The case of Mexico
The debate over 'Thirlwall's law': balance-of-payments-constrained growth reconsidered
Balance of payments dilemmas
Balance of payments statistics
Rehabilitation of balance of payments
Towards determining Nigeria's economic growth path: A balance-of-payments constrained growth approach
Exploring the robustness of the balance of payments-constrained growth idea in a multiple good framework
Impact on British balance of payments
The US balance of payments problem
The European balance of payments crisis
Finland's balance of payments, 1890-1913
Is Pakistan's Growth Rate Balance-of-Payments Constrained? Policies and Implications for Development and Growth
The role of intermediate inputs in a multisectoral balance-of-payments-constrained growth model: The case of Mexico
The debate over 'Thirlwall's law': balance-of-payments-constrained growth reconsidered
Balance of payments dilemmas
Balance of payments statistics
Rehabilitation of balance of payments
Towards determining Nigeria's economic growth path: A balance-of-payments constrained growth approach
Exploring the robustness of the balance of payments-constrained growth idea in a multiple good framework
Impact on British balance of payments
The US balance of payments problem
The European balance of payments crisis
Finland's balance of payments, 1890-1913
Is Pakistan's Growth Rate Balance-of-Payments Constrained? Policies and Implications for Development and Growth