Examining the Relationship Between COVID-19 and Different Macroeconomic Variables of the Indian Economy: A Cointegration Analysis

Ruby Sarma ()
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Ruby Sarma: Rangia College

Chapter Chapter 11 in COVID-19 Pandemic and Global Inequality, 2023, pp 173-182 from Springer

Abstract: Abstract This chapter is an attempt to examine the relationship between COVID-19 and different macroeconomic variables such as inflation, exchange rate, and Nifty 50 of the Indian economy. To fulfil this objective, the study has used monthly data of selected variables during the year 2000 to 2022. Initially the study has adopted conducted ADF unit root test to examine the stationary properties of the variables. After identifying the order of variables, the study has employed Johansen & Juselius cointegration technique to find out the long-run association among the variables. The outcomes of the study have revealed that the variables that we have used in this study are integrated of order one and they have statistically significant long-run relationship.

Keywords: COVID-19; Inflation; Exchange rate; Nifty 50; Unit root; Cointegration (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-4405-7_11

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DOI: 10.1007/978-981-99-4405-7_11

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