EconPapers    
Economics at your fingertips  
 

Financial development, trade openness and growth in India

Raghutla Chandrashekar, T. Sampath and Krishna Reddy Chittedi
Additional contact information
Raghutla Chandrashekar: Central University of Tamil Nadu, India
T. Sampath: Telangana University, India
Krishna Reddy Chittedi: University of Hyderabad, Telangana, India

Theoretical and Applied Economics, 2018, vol. XXV, issue 1(614), Spring, 113-124

Abstract: This paper studies the relationship between the financial development, trade openness and economic growth in India. The Phillips-Perron (PP) test is used to check the order of integration of the variables. We apply both Johansen co-integration and Granger causality methodologies for a long run relationship and the direction of the Causality between the variables. Our findings confirm that there exist the long run relationship among financial development, trade openness, and growth. Results also support the idea that country may experience faster per-capita growth with a growing degree of trade openness through gains in country productivity associated with capital accumulation. Finally, the direction of the causality results followed mixed.

Keywords: financial development; trade openness; economic growth; co-integration; India. (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://store.ectap.ro/articole/1323.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=1323&rid=130 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:1(614):y:2018:i:1(614):p:113-124

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Marin Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania - AGER Contact information at EDIRC.
Bibliographic data for series maintained by Marin Dinu ().

 
Page updated 2018-09-29
Handle: RePEc:agr:journl:v:1(614):y:2018:i:1(614):p:113-124