Education, openness and economic growth in India: evidence from cointegration analysis

Rudra P. Pradhan

International Journal of Education Economics and Development, 2011, vol. 2, issue 2, 103-112

Abstract: The export-led growth hypothesis (ELGH) is an interesting field of research in applied economics. The paper investigates the role of education on the ELGH in India during 1951-2009. Using cointegration and error correction model technique, it finds the feedback effect between education and growth, and a unidirectional causality from economic growth to openness. However, it does not find any significant causality between education and openness. The findings of the paper suggest that education has a supportive role to ELGH.

Keywords: education; openness; economic growth; cointegration; India; export-led growth; error correction; modelling. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijeded:v:2:y:2011:i:2:p:103-112

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