Relationship between trade openness and economic growth of India: A time series analysis

Monojit Chatterji, Sushil Mohan and Sayantan Ghosh Dastidar

No 274, Dundee Discussion Papers in Economics from Economic Studies, University of Dundee

Abstract: The paper aims to examine the empirical relationship between trade openness and economic growth of India for the time period 1970-2010. Trade openness is a multi-dimensional concept and hence measures of both trade barriers and trade volumes have been used as proxies for openness. The estimation results from Vector Autoregressive method suggest that growth in trade volumes accelerate economic growth in case of India. We do not find any evidence from our analysis that trade barriers lower growth.

Keywords: Trade openness; economic growth; India; time series analysis (search for similar items in EconPapers)
JEL-codes: F14 F43 O40 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2013-04
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: RELATIONSHIP BETWEEN TRADE OPENNESS AND ECONOMIC GROWTH OF INDIA: A TIME SERIES ANALYSIS (2014)
Working Paper: Relationship between trade openness and economic growth of India: A time series analysis (2013)
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