How Far Foreign Direct Investment (FDI) is Enhancing Self-Reliance of Indian Defence Sector?
DOI:
https://doi.org/10.33516/maj.v56i4.36-39pKeywords:
No Keywords.Abstract
India has considered the Foreign Direct Investment (FDI) policy as a measure to boost up the self-reliance of Indian Defence sector. In order to promote self-reliance in Defence production, the Government has recently announced several measures. An attempt has been made to investigate whether these steps are in the right direction or self-reliant or not. In this article, the relationship between FDI and Indian Defence sector is investigated using Autoregressive Distributed Lag (ARDL) methodology. Due to changes of FDI policy, it is found from the study that there is a positive relationship between FDI and spending in Defence sector in India.Downloads
Downloads
Published
How to Cite
Issue
Section
References
www.indiabudget.gov.in
Pesaran, H.M. and B. Pesaran, (1997). Working with Microfit 4.0: Interactive Econometric Analysis. Oxford University Press.
Pesaran, M.H. and R. Smith. (1998). Structural analysis of cointegration VARs. J. Econ. Sur. 12: 471-505.
Pesaran, M.H., Y. Shin and R. Smith. (2001). Bounds testing approaches to the analysis of level relationships. J. Appl. Economy. 16: 289-326.
Pesaran, M.H., Y. Shin and R. Smith. (2001). Bounds testing approaches to the analysis of level relationships. J. Appl. Economy. 16: 289-326.
Dickey, D. A., Fuller, W. A. (1981). Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root. Econometrica. Vol.- 49. pp. 1057–72.
Phillips, P.C.B. and P. Perron. (1988). Testing for a unit root in a time series regression. Biometrika, 75(2): pp. 335-346.
Free Sample
Editorial Policy
