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Adhikary, Maniklal
- Growth and Volatility: A Study of Relationship with Selected Macroeconomic Variables of India
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1 Research Scholar, Department of Economics, The University of Burdwan, Golapbag, Burdwan 713104, West Bengal, IN
2 Professor of Economics, Department of Economics, The University of Burdwan, Golapbag, Burdwan 713104, West Bengal, IN
1 Research Scholar, Department of Economics, The University of Burdwan, Golapbag, Burdwan 713104, West Bengal, IN
2 Professor of Economics, Department of Economics, The University of Burdwan, Golapbag, Burdwan 713104, West Bengal, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 63, No 4 (2021), Pagination: 398-413Abstract
It is very important to understand the trade-off between growth and volatility of a particular economy as stabilisation policy is very much dependent on it. This paper attempts to examine the relationship between growth and volatility of GDP as well as of its components - consumption, investment, government expenditure and export. Second, we have examined the effect of GDP growth volatility on components of GDP. Using ARCH, GARCH, EGARCH mean models we have found that growth and volatility are negatively related for GDP and consumption while this relationship is positive for investment. Volatility of GDP growth rate negatively affects consumption.Keywords
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