What Determines Current Account Deficits? - An Empirical Exercise for India
Article Details
Pub. Date
:
May, 2004
Product Name
:
The IUP Journal of Applied Economics
Product Type
:
Article
Product Code
:
IJAE50405
Author Name
:
G Ramakrishna
Availability
:
YES
Subject/Domain
:
Economics
Download Format
:
PDF Format
No. of Pages
:
12
Price
For delivery in electronic format: Rs. 50;
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Description
The main objective of this paper is to verify the determinants of India's current account deficits using an econometric model with globalization as one of the variables. An effort is also made to present the Current Account experience of India during the period, 1950-51 to 2000-01. The evidence suggests that along with real effective exchange rate and fiscal consolidation, globalization has significant impact in reducing current account deficits in India.
