Academic journal article IUP Journal of Applied Economics

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Academic journal article IUP Journal of Applied Economics

Focus

Article excerpt

In the first paper, "Nonlinear Dependence and Conditional Volatility in the Indian Rupee Exchange Rate", the author, Madhumita Chakraborty, has made an attempt to examine the nonlinear behavior of returns of four exchange rates of Indian Rupee with respect to Euro, British Pound, US Dollar and Japanese Yen for the period January 2000 to Februaryend 2015 by utilizing the tests based on nonlinear modeling. The study reveals that GARCH models successfully account for all the nonlinearity in the returns series and the BDS test could no longer reject IID. The author opines that the presence of nonlinearity in financial asset prices has important implications for data modeling, predictability and market efficiency. The study suggests that market predictions should be based on nonlinear paradigm rather than that of linearity.

In the second paper, "Rupee Volatility and Its Impact on the Macroeconomic Variables of India", the authors, Dhaneesh Kumar T K and P K Sudarsan, have attempted to analyze the rupee volatility and its impact on the macroeconomic variables of India, considering data for the period 1997-2013, using Pearson's coefficient of correlation and regression analysis. The study reveals that the exchange rate volatility of India is not purely a domestic phenomenon. Further, the findings put forward that the negative impact of depreciation is limited to inflation and trade balance. The study also highlights that the impact of appreciation on macroeconomic variables is higher as compared to that of depreciation on these variables.

The third paper, "Concentration and Efficiency in Indian Manufacturing: A Regional Study" by A M Swaminathan, M Gupta, A Tiwari and N Prakash, examines the relationship between firm's efficiency and regional concentration for nine Indian manufacturing industries by using Data Envelopment Analysis and Tobit model for the period 2008-09. …

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