What Drives Growth Transitions in India? Evidence from a Markov Switching Analysis of Regime Dynamics on in India

Name: What Drives Growth Transitions in India? Evidence from a Markov Switching Analysis of Regime Dynamics on in India
Creator: Vineeta Sharma
Published: 2025-10-21T15:53:26.148Z
Keywords: Economic Growth, Business Cycle

Sharma, Vineeta

doi:10.17632/w7m6gd2n82.1

What Drives Growth Transitions in India? Evidence from a Markov Switching Analysis of Regime Dynamics on in India

Published: 21 October 2025| Version 1 | DOI: 10.17632/w7m6gd2n82.1

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Vineeta Sharma

Description

This work examines growth transitions in India as cyclical regime shifts, employing a Markov switching framework to identify three growth regimes - recessionary, moderate, and high growth during 1951-2022. It further examines the influence of domestic, external, and policy variables on regime-specific growth and transition probabilities.

What Drives Growth Transitions in India? Evidence from a Markov Switching Analysis of Regime Dynamics on in India

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