연구정보
[경제] Nowcasting Economic Growth in India: The Role of Rainfall
인도 국외연구자료 연구보고서 Asian Development Bank Asian Development Bank 발간일 : 2019-10-16 등록일 : 2019-10-23 원문링크
This paper presents nowcasting of quarterly gross domestic product (GDP) growth in India by developing an econometric framework specific to the country’s economy.
“Nowcasting” uses high frequency data to generate estimates of GDP growth. It helps policy makers and market participants overcome decision-making difficulties when official statistics on key variables like economic growth are delayed. This paper nowcasts quarterly GDP growth in India by developing an econometric framework specific to the country’s economy. It finds that rainfall has high predictive content for GDP growth, although this predictive content has declined slightly over time. It also finds that structural and stabilization policies enacted since the 1990s have increased the resilience of India to economic shocks.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
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