https://github.com/thedhruvrawat/findev

Codebase for Term Paper of course ECON F244: Economics of Growth and Development at BITS Pilani, Pilani campus (Spring '21)
https://github.com/thedhruvrawat/findev

time-series-analysis time-series-forecasting var-model vector-autoregression

Last synced: 2 months ago
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Codebase for Term Paper of course ECON F244: Economics of Growth and Development at BITS Pilani, Pilani campus (Spring '21)

• Host: GitHub
• URL: https://github.com/thedhruvrawat/findev
• Owner: thedhruvrawat
• License: mit
• Created: 2021-04-09T19:22:32.000Z (about 4 years ago)
• Default Branch: master
• Last Pushed: 2021-04-09T20:07:59.000Z (about 4 years ago)
• Last Synced: 2025-01-03T19:46:40.023Z (4 months ago)
• Topics: time-series-analysis, time-series-forecasting, var-model, vector-autoregression
• Language: Jupyter Notebook
• Homepage:
• Size: 675 KB
• Stars: 0
• Watchers: 2
• Forks: 0
• Open Issues: 0
• Metadata Files:
  • Readme: README.md
  • License: LICENSE

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README

        
 


# Forecasting Financial Development and institutional depth indicators

![Language](https://img.shields.io/static/v1?label=Language&message=Python&color=brightgreen&style=for-the-badge)

 

![Platform](https://img.shields.io/static/v1?label=Platform&message=Anaconda&color=informational&style=for-the-badge)

 

![Contributers](https://img.shields.io/static/v1?label=Contributers&message=4&color=important&style=for-the-badge)

Codebase for ECON F244: Economics of Growth and Development Course Term Paper

The report can be accessed here: `Contact authors for link`



### Group No. 5

- Dhruv Rawat (2019B3A70537P)

- Sujay Patni (2019B3A70575P)

- Ram Mehta (2019B3A80510P)

- Nikunj Mehadia (2019B3A70343P)



## Abstract

Financial markets that function well are very important for the long-run economic growth of a country. This report looks at how the financial development of an economy can be measured. It tests the significant dependence of the following variables on the measurement

of financial development for India: 

1. Index of Financial Development (IFD)

2. Deposit Money Bank Assets to (Deposit Money + Central) Bank Assets (%) (DMB)

3. Liquid Liabilities to GDP (%) (L.L.)

4. Central Bank Assets to GDP (%) (CBA)

For this purpose, data were gathered from the period 1980 to 2017. A time-series approach using the VAR Model is used to provide evidence for the dynamic relationship between financial development and the given institutional depth indicators. Finally, this report attempts to

forecast the value of the variables and suggest few policies to increase India’s financial development.

## License

[MIT](https://choosealicense.com/licenses/mit/)