Volatility and cointegration in export of livestock and marine products of India
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Authors
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BISHAL GURUNG
Indian Agricultural Statistics Research Institute, Library Avenue, New Delhi 110 012 India
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RANJIT KUMAR PAUL
Indian Agricultural Statistics Research Institute, Library Avenue, New Delhi 110 012 India
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LAWRENCE LEPCHA
Indian Agricultural Statistics Research Institute, Library Avenue, New Delhi 110 012 India
Keywords:
GARCH, Instability, Livestock products, Marine products, VolatilityAbstract
This study was carried out to examine the instability and volatility in the export of livestock and marine products of India. It was found that marine export was a bit more stable and less volatile compared to livestock products export. Further, cointegration between the two was also tested. It was concluded that the two export data series were cointegrated. One of its benefits is that the long-run equilibrium relationship can be modelled by a straightforward regression involving the levels of the variables. Finally, the forecast were also obtained, which were quite reliable.
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References
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