Abstract
The present paper examines the causal nexus between export and economic growth in India for the year 1950-51 to 1993-94. Co-integration technique has been employed to pursue the objective. The empirical results revealed the existence of a bi-directional causal relation between export and economic growth in India. This may be attributed to the fact that export promotion measures in India allocate resources efficiently according to comparative advantage causing economic growth, which interacts with a scenario where external economies associated with economic growth. However, the results derived from the analysis of co-integration technique is limited to the extent of existence of structural break and bias in a small sample.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.