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022 _a2319510X
040 _aMSU
_bEnglish
_cMSU
_erda
050 0 0 _aHD30.4 ASI
100 1 _aTripathi, Vanita
_eauthor
245 1 0 _aForeign direct investment and macroeconomic factors :
_bEvidence from the Indian economy
_ccreated by Vanita Tripathi, Ritika Seth, and Varun Bhandari
264 1 _aLos Angeles:
_bSage,
_c2015
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aAsia-Pacific journal of management research and innovation
_vVolume 11, number 1
520 3 _aForeign direct investment (FDI) has boosted financial stability, growth and development in India. There has been positive growth rate in GDP since FDI in India has been allowed. FDI has also acted as the resistor during global financial crisis 2008. Many pull factors in India have attracted FDI which include rapidly expanding consumer market, easy access to other neighbouring countries, accessibility to cheaper basic inputs, well-developed and stable banking system and favourable policies for foreign investors, etc. This article attempts to find out the existence of relationship between FDI and six macroeconomic factors—Exchange rate (₹ per $), Inflation (WPI), GDP/IIP (proxy for Market size), Interest rate (91 days T-bills), Trade Openness and S&P CNX 500 Equity Index (profitability) using monthly and quarterly data for the period starting from July 1997 to December 2011. Apart from using the standard techniques, such as ADF and PP Unit root stationarity test, Bi-variate and Multi-variate Regression analysis and Granger Causality test, we have also applied advanced econometric techniques such as Johansen’s cointegration test, Vector Auto Regression (VAR) and Impulse Response analysis to check for long-run and short-run dynamic relationship.
650 _aForeign investment
_vEconomic growth
_xImpact assessment
_zIndia
700 1 _aTripathi, Vanita ; Seth, Ritika ; Bhandari, Varun
_eco-author
700 1 _aBhandari, Varun
_eco-author
856 _uhttps://doi.org/10.1177/2319510X1456504
942 _2lcc
_cJA
999 _c165688
_d165688