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dc.contributor.authorSingh, Tarloken_US
dc.date.accessioned2017-04-24T10:00:26Z
dc.date.available2017-04-24T10:00:26Z
dc.date.issued2010en_US
dc.date.modified2011-04-20T07:46:13Z
dc.identifier.issn00036846en_US
dc.identifier.doi10.1080/00036840802360229en_AU
dc.identifier.urihttp://hdl.handle.net/10072/38268
dc.description.abstractThis study examines the long-run equilibrium and short-run dynamic relationship between services sector and Gross Domestic Product (GDP) and between services and nonservices sectors in India. The model is estimated using the optimal single-equation and the maximum-likelihood system estimators. All the estimators consistently suggest the cointegrating relationship between services sector and GDP as well as between services and nonservices sectors. The estimates of long-run elasticity parameters are statistically significant and dimensionally consistent across the estimators. The conventional Cumulative Sum (CUSUM) and the new CUSUM and Moving Sum (MOSUM) tests suggest the stability of the equilibrium residuals and reinforce the cointegrating relationship between the model series. The error correction model provides some support for unidirectional Granger-causality from services sector to GDP. The impulse response and variance decomposition analyses instead suggest the bidirectional causality between services sector and GDP and between services and nonservices sectors. The stable growth of services sector is essentially crucial to absorb the adverse effects of exogenous weather shocks in agriculture and industry and provide resilience to the economy.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.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom3925en_US
dc.relation.ispartofpageto3941en_US
dc.relation.ispartofissue30en_US
dc.relation.ispartofjournalApplied Economicsen_US
dc.relation.ispartofvolume42en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchcode340203en_US
dc.titleServices sector and economic growth in Indiaen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.date.issued2010
gro.hasfulltextNo Full Text


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