A causal investigation of aggregate output fluctuations in India

Sasidaran Gopalan

MPRA Paper from University Library of Munich, Germany

Abstract: This article is an attempt to understand the causal factors behind fluctuations in aggregate output. We find an absence of bidirectional causality between the gross domestic product residual and the gross domestic capital formation residual as well as between the GDP residual and the residual of the combined expenditures of the central and state governments, while the causality between the balance of trade residual and GDP residual is weakly unidirectional.

Keywords: Business Cycles; Hodrick-Prescott filter; Granger Causality (search for similar items in EconPapers)
JEL-codes: B22 C22 E32 (search for similar items in EconPapers)
Date: 2006-09-23
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:33063

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