Research Article | OPEN ACCESS
Capital Formation and Inflation on Economic Growth in India: A Causality Analysis
V. Srinivasakumar, R. Renganathan and C. Vijayabanu
School of Management, SASTRA University, Thanjavur, India
Research Journal of Applied Sciences, Engineering and Technology 2015 12:1148-1152
Received: December 26, 2014 | Accepted: February 5, 2015 | Published: April 25, 2015
Abstract
Capital Formation is a prerequisite for economic growth of a country. This study aims at studying the relationship of Capital formation, Inflation (WPI) on economic development in India. The data for analysis on the above variables have been extracted for a period from 1950-51 to 2011-12 from the RBI data warehouse were analyzed using Unit Root, Co integration and Causality tests.
Keywords:
Capital formation, causality test, cointegration test, Gross Domestic Product (GDP) unit root test, Inflation (WPI),
Competing interests
The authors have no competing interests.
Open Access Policy
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Copyright
The authors have no competing interests.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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