Direction and Durability of Causality Between Foreign Institutional Investment and Selected Economic Variables in the Indian Context During Pre and Post Sub-Prime Crisis (Record no. 49257)
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| 000 -LEADER | |
|---|---|
| fixed length control field | nam a22 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20180216184614.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 180216b xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Agarwa, Tanu |
| 9 (RLIN) | 30205 |
| 245 ## - TITLE STATEMENT | |
| Title | Direction and Durability of Causality Between Foreign Institutional Investment and Selected Economic Variables in the Indian Context During Pre and Post Sub-Prime Crisis |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 8-22 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The present paper attempted to understand the long-run relationship along with the direction of relationship between foreign institutional investments (FII) and macro-economic variables. For the purpose, three macro variables namely, index of industrial production, exchange rate, and wholesale price index were considered. The data relates to the period from 2003-04 to 2012-13, divided into two durations : pre sub-prime (2003-04 to 2007-08) and post sub-prime (2008-09 to 2012-13) on a monthly basis. The study found a long run equilibrium relationship between set of variables in the pre sub-prime duration ; whereas, this relationship disappeared in the post sub-prime duration. As per the results of Granger's causality test, no relationship was found between FII net investment and exchange rate, and uni-directional relationship moved from FII net investment to index of industrial production and FII net investment to wholesale price index in the pre sub-prime duration. In the post sub - prime duration, bi-directional causality was found between FII net investment and exchange rate ; whereas, uni-directional relationship was found from index of industrial production to FII net investment and FII net investment to wholesale price index. The main contribution of the research was to study the direction of relationship between FII and macro-economic variables in two; pre sub-prime and post sub-prime durations. Moreover, the direction of causality throws significant light on the behaviour of FIIs in a macro-economic perspective. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Macro-Economic Variables |
| Uncontrolled term | Foreign Institutional Investment |
| Uncontrolled term | Exchange Rate |
| Uncontrolled term | Index of Industrial Production |
| Uncontrolled term | Wholesale Price Index |
| Uncontrolled term | Granger Causality Test |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Geetika |
| 9 (RLIN) | 30206 |
| Personal name | Agrawal, Peeush Ranjan |
| 9 (RLIN) | 30207 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 29384 |
| Host Itemnumber | 65517 |
| Main entry heading | GILANI,S. |
| Other item identifier | 5556895 |
| Title | INDIAN JOURNAL OF FINANCE |
| International Standard Serial Number | 0973-8711 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 16/02/2018 | Vol 11, Issue 2/ 5556895JA1 | 5556895JA1 | 16/02/2018 | 16/02/2018 |