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Capital Market Development and Economic Growth in India

其他書名	A Causality Analysis
出版	SSRN, 2009
URL	http://books.google.com.hk/books?id=w-3nzgEACAAJ&hl=&source=gbs_api

註釋The development of Indian capital market in last few years has been spectacular in spite of the recent global slowdown. The objective of this paper is to explore the presence of a causal relation between capital market development and economic growth in India and to find the exact direction of the relation. The study uses Granger Causality test and provides the evidence of long - run or equilibrium relationship which reveals that the capital market fluctuations do help predict the economic growth in India.