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dc.contributor.authorSingh, Tarloken_US
dc.date.accessioned2017-05-03T14:30:25Z
dc.date.available2017-05-03T14:30:25Z
dc.date.issued2004en_US
dc.date.modified2008-02-14T08:21:23Z
dc.identifier.issn02692171en_US
dc.identifier.urihttp://hdl.handle.net/10072/16819
dc.description.abstractThis study estimates and compares the competing optimising and non-optimising balance of trade models using Indian data. The results obtained from the optimising model suggest that the prices relative to user cost of capital and the real wealth lead to a deterioration, while the real capital stock results in an improvement in trade balance. The estimates of conventional non-optimising balance of trade model show the significant effect of domestic income and real exchange rate and the insignificant effect of world income on the balance of trade. The error correction models reinforce the long run estimates and show the significant effect of lagged equilibria on the balance of trade. The non-nested hypothesis tests provide mixed evidence for the preference of one model over the other. The J test suggests that the optimising model outperforms the non-optimising model, while the F test shows that both these models are acceptable in explaining the balance of trade.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherRoutledgeen_US
dc.publisher.placeUnited Kingdomen_US
dc.relation.ispartofpagefrom349en_US
dc.relation.ispartofpageto368en_US
dc.relation.ispartofedition2004en_US
dc.relation.ispartofissue3en_US
dc.relation.ispartofjournalInternational Review of Applied Economicsen_US
dc.relation.ispartofvolume18en_US
dc.subject.fieldofresearchcode340206en_US
dc.titleOptimising and Non-optimising Balance of Trade Models: A Comparative Evidence From Indiaen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.date.issued2004
gro.hasfulltextNo Full Text


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