Abstract
Based on a sample during 1978–2014, this paper finds that India’s real GDP has a positive relationship with real depreciation during 1978–2002, the government debt/GDP ratio, the real stock price, the growth rate of U.S. real GDP, and a negative relationship with real depreciation during 2003–2014, the real lending rate and the expected inflation rate. Therefore, the stage of economic development may play an important role in deciding whether real depreciation or real appreciation may promote economic growth.
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- Intellectual Property Rights, Foreign Direct Investment and Economic Freedom
- Exchange Rate Adjustments and US Trade with China: What does a State Level Analysis Tell Us?
- Impact of Remittances on Economic Growth in Developing Countries: The Role of Openness
- ECB Monetary Policy Actions and the Economic Conditions of a Non-Euro Member: The Case of Croatia
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- Inflationary Thresholds, Financial Development and Economic Growth: New Evidence from Two West African Countries