Measurement of the contribution of financial factors to GDP: Evidence from India
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Published:2023
Issue:7
Volume:26
Page:1819-1832
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ISSN:0972-0510
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Container-title:Journal of Statistics and Management Systems
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language:
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Short-container-title:JSMS
Author:
Lata Ritika,Solanki Umesh
Abstract
To measures the contribution of various indicators of financial market and financial institution to GDP in India for the period of 2000 to 2020. This research measures the contribution with the help of augmented dickey fuller (ADF) test, cointegration test and vector error correction model (VECM). Given results suggest that financial factors are having major effect on GDP in long-run. Indicators of financial market and financial institutions has a contribution in the growth of GDP. Following research measuring the contribution of various factors on GDP. Up to what extent each indicator contributes in the growth of GDP in India. Prior studies emphasized the consequences of financial issues together on the expansion of the economy.
Publisher
Taru Publications