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Please use this identifier to cite or link to this item: http://hdl.handle.net/2080/1326

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contributor.authorSethi, N-
contributor.authorSucharita, S-
date.accessioned2010-12-15T06:25:51Z-
date.available2010-12-15T06:25:51Z-
date.issued2009-08-
identifier.citationSingapore Economic Review Conference (SERC) 2009”, Singapore Economic Review and National University Singapore, Swissotel-The Stamford, Singapore, held from 6th-8th August, 2009en
identifier.urihttp://www.serc2009.org/-
identifier.urihttp://hdl.handle.net/2080/1326-
descriptionCopyright belongs to proceeding of the publisheren
description.abstractThe present study attempts to explain the effects of private foreign capital inflows (FINV) on some macroeconomic variables in India using the time series data between April 1995 to Dec. 2007. The study examines the impact of international capital flows on economic growth. The study also analyses trends and composition capital inflows into India. The Cointegration test confirms the presence of long-run equilibrium relationships between a few pair of variables like private capital inflows (FINV) and economic growth (IIP as proxy of GDP) and FINV and Exchange Rate (EXR). The Granger causality test shows unidirectional causality from FINV to Exchange Rate (EXR) and bi-directional causality from FINV and growth (IIP). Finally study found that Foreign Direct Investment (FDI) is positively affecting the economic growth, while Foreign Institutional Investment (FII) is negatively affecting the growth. The empirical analysis shows that FDI plays unambiguous role in contributing to economic growth. It concludes that capital inflows have not contributed much towards industrial production or economic growth. There are two reasons for this, one the amount of capital inflows to the country has not been enough and the amount of capital that does flow in, is not utilized to its full potentialen
format.extent422040 bytes-
format.mimetypeapplication/pdf-
language.isoen-
subjectCapital Flowsen
subjectFinancial crisisen
subjectcapital account liberalizationen
subjectemerging markets and financial integrationen
titleImpact of Private Foreign Capital Inflows on Economic Growth in India: An Empirical Analysisen
typeArticleen
Appears in Collections:Conference Papers

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