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2014•Asian Journal of Research in Social Sciences and HumanitiesRequires access

Revisiting Growth-Export Nexus of Indian Economy

Sk Azharuddin, Rajendra Narayan Paramanik

Open publisher page 4 citations

Abstract

This paper investigates the growth-export relationship of the Indian economy during the time period April-1998 to November-2012. Empirically acclaimed cointegration methods like Engle-Granger and Johansen tests are employed for this analysis. Findings from both the tests suggest that there exists a long-run stable equilibrium relationship between these two variables. Apart from this, the Granger causality test refutes the export-led growth hypothesis for the Indian economy during the time period under consideration since there is no unidirectional causation which runs from export to growth.

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What this paper is about

This paper investigates the growth-export relationship of the Indian economy during the time period April-1998 to November-2012. Empirically acclaimed cointegration methods like Engle-Granger and Johansen tests are employed for this analysis. Findings from both the tests suggest that there exists a long-run stable equilibrium relationship between these two variables. Apart from this, the Granger causality test refutes the export-led growth hypothesis for the Indian economy during the time period under consideration since there is no unidirectional causation which runs from export to growth.

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OpenAlex reports 4 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

This paper investigates the growth-export relationship of the Indian economy during the time period April-1998 to November-2012. Empirically acclaimed cointegration methods like Engle-Granger and Johansen tests are employed for this analysis. Findings from both the tests suggest that there exists a long-run stable equilibrium relationship between these two variables. Apart from this, the Granger causality test refutes the export-led growth hypothesis for the Indian economy during the time period under consideration since there is no unidirectional causation which runs from export to growth.

Key concepts: Nexus (standard), Cointegration, Granger causality, Causation, Economics, Causality (physics), Econometrics, Economy

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