Dr.DEBESH BHOWMIK

Dr.DEBESH BHOWMIK

Saturday, 17 June 2017

 

Current Issue

Vol. 5 (2) July - December 2016


1.
Structure, Strategy and Market Power of Genomma Lab
JoséG.Vargas Hernández
 
2.
Adjustment Dynamics Between Alternative Asset Classes: Gold, Rupee & Crude Using ARDL Bounds Testing Approach
Namrata Chaubey,Apurva Gupta,Rakesh Shahani
 
3.
Impact of Pester-Power on Parents Purchasing Pattern For Child-centric Products
Garima Malik,Manjot Shah
 
4.
A Perceptional Study From The Consumer Point of View on Online Shopping Market: An Exploratory Study in North 24 Parganas District (W.B.)
Indrajit Ghosal
 
5. India's Foreign Direct Investment Inflows: Cointegration and Vector Error Correction Analysis
Debesh Bhowmik
 
6.
Antescedents of Organised Retail Customer Satisfaction: An Empirical Analysis With Special Reference To Spencer's in Guntur District
P. Daniel,M.S. Narayana,P. Vijay Kumar
 
7.
Impact of Working Capital Management in The Profitability – A Case Study of Oil and Natural Gas Corporation
P. Hanumantha Rao
 
8..
EVA Based Performance Measurement: A Comparative Study of With Profitability and Leverage of Indian Corporates
Priya Jain
 
9.
Factory Automation- To Be or Not To Be
Garima Mathur,Ruturaj Baber


Abstract
In this paper author explained the trend lines, random walk, stationarity, structural breaks and volatility of FDI inflows in India during 1971-2015.Both log linear and exponential trends are significant. FDI inflows is stationary and showed four structural breaks in 1985,1994,2000 and 2006.Author found the relation among FDI inflows, growth rate, interest rate, inflation rate, exchange rate, fiscal deficit, external debt and trade openness with the help of Granger causality, Johansen cointegration test and vector error correction models. Trace statistic has four cointegrating equations and Max Eigen Statistic has three cointegrating equations. The speed of the vector error correction process is more or less slow except for change in interest rate and change in inflation rate which are significant where VECM is stable and diverging.Limitations and future scope of research are added. Policy recommendations are included.
Key words- Foreign Direct Investment Inflows, ARIMA, structural breaks, causality, cointegration, vector error correction
JEL- E23,E24,F13,F4,F2,O54