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eBook details

• Title: An Empirical Assessment of Export Led Growth Hypothesis in the Context of Indian Economy (Report)
• Author : Indian Journal of Economics and Business
• Release Date : January 01, 2011
• Genre: Business & Personal Finance,Books,
• Pages : * pages
• Size : 240 KB

Description

Abstract The present study examines the validity of the relation between exports and economic growth India. This paper utilizes the advanced time series techniques such as the Causality, Cointegration to test the short run as well as the long run equilibrium between GDP growth and Exports. And it has also used the VAR test to measure the strength between them respectively. The causality confirms the ELG hypothesis in case of India whereas the result of the Cointegration test indicates that there exists no long run equilibrium relationship or co-movements between growth and increase in exports. The result of VAR exhibits the maximum contribution of Real Exports towards the growth of Economy. Hence, it supports the unidirectional relation between exports and economic growth India. Under the VAR framework some more variables are also undertaken to compare and see the irrelative impacts. The variables under the study are GDP, GCF, EXP, WEX, IMP, and TOT and are in billions of rupees. The data are collected from RBI Bulletin, Handbook of Statistics on Economy and IFS Database.

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