Heliyon, Год журнала: 2023, Номер 9(3), С. e14180 - e14180

Опубликована: Март 1, 2023

The gravest challenge for economic sustainability is the undetermined growth in financial and risks of nation, which need to be overcome with adequate measures without compromising growth. uncertainty factors produces fluctuations sector makes them more vulnerable. However, existing literature has not significantly focused on risk sustainable Therefore, fill gap, an in-depth study imperative explore association between these risks. To do so, this incorporates both determine how are interconnected across time (frequency) they linked by utilizing quarterly data from 1984-Q1 2020-Q4 applying "wavelet power spectrum (WPS)" coherence (WTC)" approaches, examine time-frequency dependency each variable other. findings WTC revealed that have a positive other India at high, medium, low frequencies. Likewise, wavelet outcomes reflect high vulnerability during 1991, 1992, 1996. In addition, robustness check, employed "quantile regression (QR)" "quantile-on-quantile (QQR)". Both QQR QR endorsed FR ER. Hence, our paper first research its kind Indian economy, it extends examining link two most significant indicators terms frequency dependency. offer excellent perspectives investors policymakers assess prospects investment policy changes if necessary.

Язык: Английский