Time varying dynamics of globalization effect in India

Shikha Gupta () and Nand Kumar
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Shikha Gupta: Delhi Technological University
Nand Kumar: Delhi Technological University

Portuguese Economic Journal, 2023, vol. 22, issue 1, No 5, 97 pages

Abstract: Abstract The link between globalization and economic growth is getting complex as the propagators of globalization are opting protectionism. The paper attempts to identify the time-varying dimension of globalization in India from Q2 1996 to Q3 2019. The aim is to capture the portion of growth explained by domestic and foreign factors suggesting the pace of globalization. The factor-induced domestic and foreign loadings are used in Time-Varying Parameter Regression and Time-Varying Parameter Autoregressive approach to indicate the evidence for slowbalization in India. The models combined with stochastic volatility, aid in capturing the structural changes in the economy in a robust manner.

Keywords: Time-varying parameter estimations; Globalization; Economic growth; Slowbalization (search for similar items in EconPapers)
JEL-codes: C11 C52 C82 F62 F63 F69 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s10258-020-00190-4

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