EXPORT, ECONOMIC GROWTH AND CAUSALITY – A CASE FOR INDIA.
DOI:
https://doi.org/10.1956/jge.v9i1.284Keywords:
GDP, growth, economic reforms, exports, bi-directionalAbstract
This paper examines the causal relationship between the real GDP and the total export of goods and services produced in India during the period 1990-91 to 2011-12. The main emphasis is to substantiate the importance of exports in the growth process of Indian economy after the economic reforms taken up in the early part of the 90s’ In other words, the study is to see the validity of economic strategy of export-led growth in case of India. The empirical findings of the study indicated that there is a bi-directional causality between GDP and export of the economy. And the hypothesis that export-led-growth is valid in case of the Indian economy for the period under study.
References
REFERENCES
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1. Awokuse, T. O. Is the Export-Led Growth Hypothesis Valid for Canada? The Canadian Journal of Economics. Vol. 36, No. 1, (2003). 126-136.
2. Bajo-Rubio, O. & Diaz-Roldan C. Do exports cause growth? Some evidence for the new EU members. Post-Communist Economics, Vol. 24, No. 1, (2012). pp. 125-131.
3. Beko, J. Causality Analysis of Exports and Economic Growth: Aggregate and Sectoral Results for Slovenia. Eastern European Economics, Vol. 41, No. 6, (2003), pp. 70-92.
4. Chandra, P. N. Exports and Economic Growth: An Examination of ELG Hypothesis for India. Reserve Bank of India, Occasional Papers, Vol. 31, No.3, (Winter 2010) pp. 35-66.
5. Ngoc, P. M. Exports and Long-run Growth in Vietnam. 1975–2001. ASEAN Economic Bulletin, Vol. 20, No. 3 (2003) pp. 211-232.
6. Plümper, T. and Graff M. Export Specialization and Economic Growth. Review of International Political Economy. Vol. 8, No. 4 (Winter, 2001), pp. 661-688.
7. Ukpolo, V. Exports and economic growth in South Africa: Evidence from Cointegration and Granger causality Tests. The African Economic & Business Review, Vol. 1, No. 1, (Spring 1998).
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Published
25.03.2013
How to Cite
Devi, S. S. (2013) “EXPORT, ECONOMIC GROWTH AND CAUSALITY – A CASE FOR INDIA”., Journal of Global Economy, 9(1), pp. 21–28. doi: 10.1956/jge.v9i1.284.
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