... be greater. Design/methodology/approach The authors empirically examine structural change in the Punjab economy in the context of structural change and economic growth across the States of India. The authors calculate structural change indices and map their pattern over time. The authors estimate panel...

... index Granger causality Cointegration Frequency domain Structural change Retail price index Wholesaling There have been a number of studies to identify the causal direction between consumers' prices and producers' prices. This is particularly because these prices are used for various...

.... Findings The estimated time paths of the reaction function coefficients suggest gradual changes in the rule coefficients. It has been found that while better monetary policy and structural change have played a non‐trivial role, good luck and exchange rate regime have played a major role in the moderation...