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- Title
Export and Economic Growth in the Economy of India: An Econometric Study (1971-2005).
- Authors
Kundu, Amit
- Abstract
This study examines the existence of any short-run and long-run relationship between GDP growth and export growth in India over the period 1971-2005. Income growth (Yt ) and export growth (Xt ) are found to be stationary variables and both the series are I(0). There exists a long-run relationship between income growth and export growth. The estimation of Vector Error Correction (VEC) model confirms the stability of the long-run relationship. The study with VAR model confirms the presence of 'unidirectional causality'. The Impulse Response Functions (IRS) indicate that export shocks were long-lived for economic growth. Variance decomposition study firmly confirms that export shocks were more important than income shocks in accounting for short-run variations in export growth.
- Publication
IUP Journal of Applied Economics, 2010, Vol 9, Issue 4, p35
- ISSN
0972-6861
- Publication type
Academic Journal