Assessing External Sustainability in India

Callen, Tim; Cashin, Paul

doi:10.5089/9781451859171.001

Cited by 22 publications

(15 citation statements)

References 13 publications

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“…They argue that, given that controls on capital movements are an important component of India's external sector policy, its external borrowing is not consistent with the predictions of the standard intertemporal model of CA, which assumes free capital mobility. The IBC was not satisfied in the period prior to 1990-1991, and the return to smaller CADs during the 1990s has been needed to re-establish solvency (Callen and Cashin, 1999). Singh (2004b) estimates intertemporal model and examines the factors affecting, rather than sustainability of, CA imbalances.…”

Section: Introductionmentioning

confidence: 98%

Sustainability of current account deficits in India: an intertemporal perspective

Singh

2015

Applied Economics

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This study examines the sustainability of current account deficits (CADs) and the validity of intertemporal budget constraint (IBC) in India. The long-run model is estimated on annual data for the period 1950-1951 to 2009-2010. The optimal single-equation and maximum-likelihood (ML) system estimates of the model provide a consistent support for the longrun relationship between imports and exports. The OLSGH estimates provide no support and that ML system estimates a consistent support for cointegration in both the models estimated with one and two structural breaks in level. The new cointegration breakdown tests generally suggest that the cointegration prevails from 1951 to 2010. The evidence supporting the cointegration between imports and exports overwhelms the evidence providing a mixed or no support for cointegration. The estimates of slope parameter above zero and the dominant support for cointegration between imports and exports vindicate the validity of IBC and the sustainability of CADs. The short-term management strategies need to be accompanied by long-term improvements in productivity to reduce inflation, lever up the competitiveness of exports and ensure the sustainability of the external value of domestic currency.

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Section: Introductionmentioning

confidence: 98%

Sustainability of current account deficits in India: an intertemporal perspective

Singh

2015

Applied Economics

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“…The Indian insurance market is emerging, and 3.6% of GDP comes from the insurance sector (IRDA, ); in contrast, the UK insurance industry is a significant contributor to GDP – contributing over 25 billion pounds (ABI, ). According to the IMF's 2014 report, UK GDP (nominal) is 2950 billion and Indian GDP (nominal) is 2051 billion (Callen, ) considering purchase power parity (PPP)…”

Section: Methodsmentioning

confidence: 99%

Strategic Change in Enterprise Risk Management

Agarwal

Ansell

2016

Strategic Change

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“…Technical issues, schedule compatibility, and even political issues must be satisfactorily addressed to successfully complete the mission. 54 An example of how these technical issues are intertwined with mission management concerns is the complexity of coordinating the developmental timelines of all rideshare spacecraft to provide spacecraft models to support a coupled loads analysis for the integrated payload stack. To navigate through these complexities and nuances, USG rideshare spacecraft providers should utilize experience mission integrators to manager their launches.…”

Section: Technical Issuesmentioning

confidence: 99%

The Tremendous Advantages of FANTM-RiDE™-Enabled Dedicated Rideshare vs. Hosted Payloads

Lim¹

2013

AIAA SPACE 2013 Conference and Exposition

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In the light of the industry's recent refocus on disaggregation mission areas of highly complex, large cost, and subsequently, risk adverse space systems, much attention has been placed on the option of employing hosted payloads to realize the vision of increasing system and mission resiliency, reduction of cost, and increase of launch opportunities. Oftentimes, dedicated rideshare is discarded quickly by the industry due to many issues, such as large complexity in mission integration for rideshares, large perceived risk to the launch vehicle (LV) and primary space vehicle (SV) providers, lack of viable launch opportunities, as well as a launch price point that is higher than the current rideshare user market can bear. Further, the paper provides the results of a careful study on advantages and disadvantages of Government payloads hosted on commercial spacecraft and dedicated rideshares of auxiliary spacecraft based on industry discussion and corporate experience. The paper presents side-by-side comparisons of the pros and cons of employing hosted payloads versus dedicated rideshare by itself, as well as versus dedicated rideshare employing the FANTMRiDE™ system, highlighting the institutional barriers that prohibit widespread adoption of each option. Further, this paper presents how the FANTM-RiDE system addresses these issues to greatly facilitate mission integration while dramatically reducing risk to the LV, primary SV, and rideshare SVs, simultaneously driving launch costs for rideshares to a level that would encourage the industry to regularly employ this method of launching smallsats. The FANTM-RiDE system removes many of these barriers by providing "phantom-like" transparency to the LV and SV Primes through a set of technical, programmatic and integration solutions. The paper will provide a clear picture for the US space industry how FANTM-RiDE will create an environment to optimize the use of available mass and payload fairing margins on US missions.

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Assessing External Sustainability in India

Cited by 22 publications

References 13 publications

Sustainability of current account deficits in India: an intertemporal perspective

Sustainability of current account deficits in India: an intertemporal perspective

Strategic Change in Enterprise Risk Management

The Tremendous Advantages of FANTM-RiDE™-Enabled Dedicated Rideshare vs. Hosted Payloads

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