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TIWARI, AVIRAL KUMAR (3) answer(s).
 
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1
ID:   121748


Does defence spending stimulate economic growth in India? a rev / Tiwari, Aviral Kumar; Shahbaz, Muhammad   Journal Article
Shahbaz, Muhammad Journal Article
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Publication 2013.
Summary/Abstract This study reinvestigates the effect of defence spending on economic growth using Zivot and Andrews and Lee and Strazicich, structural unit root tests and the autoregressive distributed lag bounds testing approach to cointegration in augmented version of Keynesian model for India. Study confirmed long run relationship among variables studied show that economic growth is positively affected by defence spending (also negative impact after a threshold point), investment and trade openness while negatively by interest rate. Granger causality analysis revealed bidirectional causal relationship between defence spending and economic growth as probed by variance decomposition approach.
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2
ID:   125664


Effects of financial development, economic growth, coal consump / Shahbaz, Muhammad; Tiwari, Aviral Kumar; Nasir, Muhammad   Journal Article
Shahbaz, Muhammad Journal Article
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Publication 2013.
Summary/Abstract This paper explores the effects of financial development, economic growth, coal consumption and trade openness on environmental performance using time series data over the period 1965-2008 in case of South Africa. The ARDL bounds testing approach to cointegration has been used to test the long run relationship among the variables while short run dynamics have been investigated by applying error correction method (ECM). The unit root properties of the variables are examined by applying Saikkonen and Lütkepohl (2002. Econometric Theory 18, 313-348) structural break unit root test. Our findings confirmed long run relationship among the variables. Results showed that a rise in economic growth increases energy emissions, while financial development reduces it. Coal consumption has significant contribution to deteriorate environment in South African economy. Trade openness improves environmental quality by reducing the growth of energy pollutants. Our empirical results also verified the existence of environmental Kuznets curve. This paper opens up new insights for South African economy to sustain economic growth by controlling environment from degrdation through efficient use of energy.
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3
ID:   152808


Exchange rates and international reserves in India: a frequency domain analysis / Tiwari, Aviral Kumar ; Kyophilavong, Phouphet   Journal Article
Tiwari, Aviral Kumar Journal Article
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Summary/Abstract This article aims to study the relationship between real effective exchange rate (REER) and international reserve in India by applying the bivariate and conditional bivariate Granger causality test in frequency domain framework proposed by Breitung and Candelon (2006). The variables that are included to condition the frequency domain are the industrial production index, stock prices and wholesale producer index. Results found the evidence of business cyclical causality running from international reserve to REER for frequencies between 0.01 and 1.63 that corresponds to the 4 months and higher months cycles in India. The results have a strong bearing on the policy implications of India and any country alike it. The study concludes that the Reserve Bank of India should consider exchange rate as a grave determinant to manage appropriate forex reserve.
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