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dc.contributor.authorHolmes, Mark J.
dc.contributor.authorPanagiotidis, Theodore
dc.contributor.authorSharma, Abhijit
dc.date.accessioned2011-02-17T21:14:10Z
dc.date.available2011-02-17T21:14:10Z
dc.date.issued2011
dc.identifier.citationHolmes, M.J., Panagiotidis, T. & Sharma, A. (2011). The sustainability of India's current account. Applied Economics, 43(2), 219-229.en_NZ
dc.identifier.urihttps://hdl.handle.net/10289/5065
dc.description.abstractThis study conducts an investigation into the sustainability of the Indian current account using data for 1950 onwards. A necessary condition for current account sustainability is that exports and imports are cointegrated. After testing for unit roots that allow for a structural break, we employ parametric tests for cointegration: based on Johansen (1995) and Saikkonen and Ltkepohl (2000a, b, c) as well as the nonparametric procedure proposed by Breitung (2002) and Breitung and Taylor (2003) that does not assume linearity. By employing these procedures recursively, two distinct regimes are identified characterized by whether or not imports and exports are cointegrated. The regime of noncointegration runs until the late 1990s and the second regime of cointegration is present after that. This latter regime coincides with the liberalization of the Indian economy.en_NZ
dc.language.isoen
dc.publisherTaylor and Francisen_NZ
dc.relation.urihttp://www.informaworld.com/smpp/content~content=a912454538~db=all~jumptype=rssen_NZ
dc.subjectIndian current accounten_NZ
dc.titleThe sustainability of India's current accounten_NZ
dc.typeJournal Articleen_NZ
dc.identifier.doi10.1080/00036840802481876en_NZ
dc.relation.isPartOfApplied Economicsen_NZ
pubs.begin-page219en_NZ
pubs.elements-id4725
pubs.end-page229en_NZ
pubs.issue2en_NZ
pubs.volume43en_NZ


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