On the Empirics of Trade and Growth Relationship in India

Tarlok Singh ()
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Tarlok Singh: Griffith University, Department of Accounting, Finance and Economics, Nathan campus, Postal: 170 Kessels Road Nathan Qld 4111 - Australia, http://www.griffith.edu.au/

Economia Internazionale / International Economics, 2002, vol. 55, issue 2, 177-192

Abstract: The study analyses the long run equilibrium and short run dynamic relationship among real exports, real imports and real income in India for the period 1951-52 to 1995-96. The long run relationship is examined using both the Engle-Granger (1987) two-step and the Johansen (1991) maximum-likelihood systems estimators. The short run relationship is analysed and the hypothesis of Granger non-causality is tested by estimating a dynamic VAR model. A more recent estimator based on level VAR developed by Toda and Yamamoto (1995) is also used to test the hypothesis of Granger non-causality. The study does not find any evidence for the presence of cointegrating relationship among the variables. The study supports the presence of a short run dynamic relationship with unidirectional Granger causality flowing from imports to exports and from exports to income.

JEL-codes: F10 F12 F43 O40 O41 (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0188

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