Structural Break and Trends of Gross Domestic Product in India: An Empirical Analysis
There has been some discussion about when India’s growth began to slow down – did the deceleration occur before or after the onset of the global crisis? In this paper, GDP estimates to a statistical analysis to identify the break point in GDP growth. It also illustrates the possibilities of examining break points in a trend in an interactive manner. This paper usage dummy variable regression model to analyze the trends and structural break in India from 1980- 2010. Results show that the intercepts of GDP are decrease in post reform phase as compression to the pre reform phase and slope coefficients of GDP are increase in post reform phase as compression to the pre reform phase.
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