 Revisiting the export-growth nexus for India: an empirical exerciseVikas Dixit and Shaista Parveen International Journal of Economic Policy in Emerging Economies, 2020, vol. 13, issue 5, 526-554 Abstract: This paper attempts to investigate empirically the export-growth nexus for India from different theoretical perspectives. Using robust time series techniques, and considering both demand-side and supply-side explanations of the relationship between export and output growth, this paper finds empirical support for export-led growth hypothesis for India for long run and short run from supply-side as well as demand-side perspectives. The demand-side orientation appears to be the better explanation of this relationship during post-liberalisation period. The horizontal export diversification is observed to have U-shaped relationship with output growth. In terms of export composition (or vertical export diversification), share of manufactured exports bear a positive and significant relation with output growth, whereas the positive but insignificant impact of services exports on economic growth underlines the need for a rigorous policy action in this sector. The results of empirical estimation are further confirmed by lag-augmented vector autoregressive non-causality test. Keywords: export-led growth; growth-led export; demand-side; supply-side; export diversification; export composition. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijepee:v:13:y:2020:i:5:p:526-554 Access Statistics for this article More articles in International Journal of Economic Policy in Emerging Economies from Inderscience Enterprises Ltd |
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