Kirubanandan Shanmugam

Biographic Data

ID6681238
NAMEKirubanandan Shanmugam
GIVEN NAMESKirubanandan
FAMILY NAMEShanmugam
SIGNATURESHANMUGAM K
AFFILIATIONSMadras Institute of Development Studies
VERIFIEDNo
TOTAL WORKS5
TOTAL CITATIONS0
WORKS AS AUTHOR5
WORKS AS EDITOR0
FIRST PUBLICATION YEAR2019
LATEST PUBLICATION YEAR2023
H-INDEX0

  • A Markov switching approach to business cycles in India

    Mathew Koshy Odasseril, K R Shanmugam et al.ARTICLEJournal of the Asia Pacific Economy2023References: 3

    This is the first empirical study that analyzes the nature of business cycles in India using quarterly GDP growth data from 1998Q1 to 2022Q4 and the Markov Switching Auto-regressive model. In order to capture the impact of exclusion and inclusion of post pandemic period data, it has developed two alternative models. Based on these models, the study provides the forecast of quarterly GDP growth and cumulative real output losses due to the pandemic…

  • Determining fiscal equalization transfers for elementary education to Indian States

    Jyotsna Rosario, K R Shanmugam et al.ARTICLEJournal of the Asia Pacific Economy2021References: 1

    This study attempts to determine the fiscal equalization transfers for elementary education using data for 27 Indian States from 2011–12 to 2017–18 and panel data methodology, based on a model adapted from Australia’s expenditure equalization mechanism. It is found that States with larger fiscal capacity tend to spend more on elementary education and the existing transfers mechanism has failed to compensate the lagging States. Using the estimated…

  • Effect of corporate income tax on investment decisions of Indian manufacturing firms

    Sankarganesh Karuppiah, Karuppiah Sankarganesh et al.ARTICLEJournal of the Asia Pacific Economy2021References: 3

    This study is an attempt to empirically analyse the effect of corporate income tax on investment of manufacturing firms in India during 2005–2019, using the standard static panel model estimation techniques. It is found that the effective corporate tax rate has a negative and significant impact on the corporate investment. Moreover, the estimated effective tax elasticity is relatively low as compared to the magnitude found in other countries. The…

  • Impact of fiscal transfers policy on regional growth convergence in India

    Kirubanandan Shanmugam, Shanmugam K et al.ARTICLEJournal of the Asia Pacific Economy2021References: 3

    This study is an attempt to empirically analyze the effect of fiscal transfers on growth and regional growth convergence in India during 2005–2019, using the standard growth convergence model for panel data. Results indicate the growth convergence across Indian States. The regional income gaps reduced at a rate of 17.7–31.9% per annum. The fiscal transfers contribute to the growth of 22 out of 29 States and also contribute significantly to the co…

  • Dynamics of public debt sustainability in major Indian states

    P S Renjith, K R Shanmugam et al.ARTICLEJournal of the Asia Pacific Economy2019References: 1

    This study empirically tests whether the public debt is sustainable or not at 22 major Indian states during 2006–07 to 2015–16. It employs the Bohn model for panel data, five alternative specifications and p-spline technique to analyze the issue at aggregate and disaggregate levels. While the results indicate that the debt is sustainable at the aggregate level, it is sustainable only in about 11 states. The results suggest that the fiscal reactio…