What Causes Trade-led Growth in India?

Ruchi Gupta
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Ruchi Gupta: Dyal Singh College, University of Delhi, Delhi. Address for Correspondence: A-33, Lok Vihar, Pitampura, Delhi-110034, email: ruchigupta2508@yahoo.co.in

Margin: The Journal of Applied Economic Research, 2011, vol. 5, issue 3, 293-310

Abstract: The impact of the recent rise in India’s exports on its economic growth is tested using the Johansen cointegration technique. On using different measures of both trade and economic growth variables, a unidirectional causality has been found from trade to economic growth. It is concluded that in India the most important sources of causation from trade to economic growth have been externalities generated by the export sector and a relatively higher productivity of the export sector, while no evidence is found in favour of a positive impact of knowledge spillovers generated by trade on economic growth.

Keywords: R&D Spillovers; Externalities; Productivity Differential; Causality Direction; Johansen Cointegration; JEL Classification: F43; JEL Classification: C32 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:sae:mareco:v:5:y:2011:i:3:p:293-310

DOI: 10.1177/097380101100500301

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