Apr'19


The IUP Journal of Applied Economics

ISSN: 0972-6861

A ‘peer reviewed’ journal indexed on Cabell’s Directory, and also distributed by EBSCO and Proquest Database

It is a quarterly journal that analyzes the issues of Micro, Macro, Development and Energy economics. It provides papers on Industrial economics, Public finance, Industry, Agricultural, Rural economics, etc.

Privileged access to Online edition for Subscribers.

Focus Areas
  • Microeconomics
  • Macroeconomics
  • Industrial Economics
  • Public Finance
  • International Trade and Business
  • Financial Economics
  • International Finance
  • Energy Economics
  • Environmental Economics
  • Labor Economics
  • Development Economics
  • Agriculture and Rural Economics
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Article   Price (₹) Buy
The Nexus Between Climate Sustainability and Economic Growth: Evidence from G4 Nations
50
The Impact of External and Internal Market Forces on Inflation in India: An Empirical Investigation
50
The Impact of Domestic and External Shocks on Macroeconomy: A Structural Macroeconometric Model and Simulation Analysis for India
50
     
Contents : (Apr 2019)

The Nexus Between Climate Sustainability and Economic Growth: Evidence from G4 Nations
Megha Jain and Aishwarya Nagpal

Environmental Kuznets Curve (EKC) hypothesis proposes ‘inverted-U’ shaped association between per capita GDP and climate depletion. The existing literature has already put forth the positive linkage between expanding economic activity and environmental deterioration for developing nations and the reverse for developed nations. But there is hardly any single amalgamated study in the existing literature to examine it for G4 nations—Germany, Japan, India and Brazil. The present study, therefore, examines the impact of macroeconomic indicators (output, energy usage, urbanization and population growth), financial indicators (Global Competitiveness Index (GCI)1, financial market development, stock market capitalization, and FDI), governance indicators (control of corruption, government effectiveness, voice and accountability (as an interacting variable)), and qualitative indicator (GCI innovation) on per capita carbon emissions in G4 nations graphically and empirically by using a mix of both time series and dynamic panel regression techniques for the period 2005-2014. Further, it investigates the causality linkage for G4 nations to find out the impact of emissions on the competitiveness of the nations. This study finds its niche in using unique proxy variables for different indicators considered. The results confirm EKC postulation partially. Additionally, government effectiveness is found to be negatively associated with per capita emissions as expected. Most of the financial indicators are found to have ambiguous linkage with emissions. The robustness of the results is further confirmed using Sargan testing. The study highlights the relevance of making climate change policies as the mainstream goal for global governance through increased carbon spacing.


© 2019 IUP. All Rights Reserved.

Article Price : ₹ 50

The Impact of External and Internal Market Forces on Inflation in India: An Empirical Investigation
Rajesh Sharma, Pradeep Kautish and D Suresh Kumar

The identification of external and internal determinants of inflation is a perplexing task. Moreover, the spillover impact of these determinants generates indecisiveness in measurement. Therefore, the present paper tries to identify the impact of external and internal determinants of inflation in India by using the time series data from 1978 to 2015. In order to assess the short-run and long-run impact of selected variables, an Autoregressive Distributed Lag (ARDL) bounds approach has been adopted. The ARDL bounds method allows investigating the impact of external and internal determinants on inflation in India and provides long-run stability in the system. The results of the study found that oil consumption has a direct impact on domestic prices. Similarly, due to the increase in employment, inflation tends to increase in the long run. Further, the relationship between deficit financing and the domestic price is found to be negative and significant, whereas the impact of Foreign Direct Investment (FDI) on domestic price is found to be inconclusive in the long run.


© 2019 IUP. All Rights Reserved.

Article Price : ₹ 50

The Impact of Domestic and External Shocks on Macroeconomy: A Structural Macroeconometric Model and Simulation Analysis for India
Sajad Ahmad Bhat and Debasish Acharya

This paper analyzes the impact of domestic and external shocks on Indian economy by constructing, estimating and simulating a small eclectic macroeconometric model, using annual data from 1981-82 to 2015-16. With a satisfactory in sample and out -of-sample forecasting performance, the model has been employed for deterministic simulation analysis. The study evaluates the impact of domestic shock (rainfall shock) and external shocks (oil price shock, world trade shock and reserve bank foreign exchange asset shock) on the economy through various channels. The results reveal that rainfall and oil price shocks are found to reduce the real output both at aggregate and sectoral levels, leading to increase in general price level. Regarding their impact on external and fiscal sectors, rainfall shock is found to have minimal impact, whereas oil price shock is found to have significant impact. Further, reserve bank foreign exchange assets and world trade shock are found to be growth retarding and deflationary in nature. Regarding their impact on the external sector, both the shocks are found to have a significant impact; while a shock in reserve bank foreign exchange asset is found to improve it, the world income shock tends to deteriorate it. In the case of fiscal sector, both the shocks lead to a rise in fiscal deficit due to reduction in both nominal and real output.


© 2019 IUP. All Rights Reserved.

Article Price : ₹ 50

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