Searching Threshold Inflation for India



Tables and Figures

Table 1: Regression Result for Inflation and Growth

Dependent Variable→

GDPGR

GDPPCGR

∆GFCE(-1)

-1.503 (0.898)

-1.489 (0.888)

∆INVPR(-1)

0.417*** (0.231)

0.379*** (0.229)

∆INVPU(-2)

1.633** (0.461)

1.652** (0.456)

INF(-1)

-0.318*** (0.080)

-0.314*** (0.080)

INFVOL(-1)

-0.451*** (0.130)

-0.456*** (0.129)

POPGR(-1)_______________________

-4.724*** (o.497)

-

R-squared

0.494

0.533

Adjusted R-squared

0.407

0.452

Durbin-Watson stat

1.742

1.742

JB

1.442 [0.486]

1.480 [0.486]

Breusch-Godfrey Serial Correlation
LM Test (F-statistic & p-values)

0.366 [0.697]

0.463 [0.634]

Heteroskedasticity Test: ARCH

(F-statistic & p-values)___________________

1.023 [0.319]

0.803 [0.377]

Note: ** and *** indicates significance at 5 and 1 per cent level of significance.

Standard error in ( ) bracket and p-value in [] parenthesis.



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