Measurement of the contribution of financial factors to GDP: Evidence from India

Lata, Ritika; Solanki, Umesh

doi:10.47974/JSMS-1148

Open Access Research Article

Measurement of the contribution of financial factors to GDP: Evidence from India

^*Ritika LataCorresponding authorritika.lata94@gmail.comTAPMI School of BusinessManipal University, JaipurJaipur, Rajasthan, IndiaView full profile → , Umesh Solankiumesh.solanki@jaipur.manipal.eduTAPMI School of BusinessManipal University, JaipurJaipur, Rajasthan, IndiaView full profile →

* Corresponding author · click or hover a name for details

pp. 1819–1832Vol. 26Issue 7October 2023DOI: 10.47974/JSMS-1148XML

Published Online:: 27 Nov 2023
Article type:: Research Article
Language:: EN
Article no.:: JSMS-1148
Pages:: 1819–1832

Abstract

To measures the contribution of various indicators of financial market and financial institution to GDP in India for the period of 2000 to 2020. This research measures the contribution with the help of augmented dickey fuller (ADF) test, cointegration test and vector error correction model (VECM). Given results suggest that financial factors are having major effect on GDP in long-run. Indicators of financial market and financial institutions has a contribution in the growth of GDP. Following research measuring the contribution of various factors on GDP. Up to what extent each indicator contributes in the growth of GDP in India. Prior studies emphasized the consequences of financial issues together on the expansion of the economy.

Keywords

Financial market Financial institution Principal compound analysis Co-integration VECM

Subject Classifications

62Jxx00-xx

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