Department of Economics and Finance
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Item Technological development, financial development, and economic growth in India: Is there a non-linear and asymmetric relationship?(Emerald, 2021-06) Giri, Arun Kumar; Mohapatra, Geetilaxmi; Debata, ByomakeshThe main purpose of the present research is to analyze the relationship between technological development, financial development and economic growth in India in a non-linear and asymmetric framework.Item Financial Development and Economic Growth: Evidence from Indian Economy(IJARS, 2012) Giri, Arun Kumar; Mohapatra, GeetilaxmiThis paper examines the relationship between financial development and economic growth in India from 1970-71 to 2008-09. Using a multi-variable VAR model, the competing hypothesis of supply-leading versus demand-following hypothesis is tested empirically. The results from Johansen and Juselius co integration test supports for the existence of long run equilibrium relationship exist among variables of financial development and economic growth for Indian economy. Further, the results from Granger causality tests based on vector error-correction models (VECM) suggests unidirectional causality running from financial development to economic growth. This result supports the supply leading hypothesis for Indian economy during the sample period. This finding highlights the importance of financial development in India’s recent growth.Item The impact of financial development, economic growth and energy consumption on environmental degradation: Evidence from India(Emerald, 2015-08) Giri, Arun Kumar; Mohapatra, Geetilaxmihe purpose of this paper is to investigate the impact of financial development, economic growth and energy consumption on environment degradation for Indian economy by using the time series data for the period 1971-2011