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Export-led Growth: Some Recent Evidence from India

Kumar P K , Santhosh (2013) Export-led Growth: Some Recent Evidence from India. Working Paper. Centre for Research, Christ University . (Submitted)

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Abstract

The economic development and growth literature encompasses comprehensive discussions on connections amid exports and commercial growth. One debate centres on whether states ought to advance the export sector to attain economic growth. This study examines the validity of the export-led growth hypothesis in the Indian economy. We use annual time series data for the period 1970 to 2012 in an export augmented framework. Applying popular time series econometric methods of cointegration and vector error correction estimation, the study provides the facts of stationarity of time series variables, existence of long-run equilibrium relation between them, and finally, the acceptance of export led growth hypothesis for India by the Granger causality test based on vector error correction model estimation. Keywords: Export-led growth, Cointegration, VELM, Granger causality

Item Type:Monograph (Working Paper)
Subjects:Publications > Publications by Faculty > Working Papers
ID Code:5998
Deposited By:Knowledge Center Christ University
Deposited On:07 Mar 2014 15:30
Last Modified:07 Mar 2014 15:30

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