Export and Economic Growth in India: Causal Interpretation

Alok Pandey ()

MPRA Paper from University Library of Munich, Germany

Abstract: The present study focuses on the cointegration between Export and Gross Domestic Product and its components at current and constant prices. Time series data for Export and Gross Domestic Product and its components has been taken for the period 1950-51 to 2001-02. In the long run export and GDP reveal that export and GDP at constant prices are not cointegrable while export and GDP at current prices are cointegrable and also the direction of causality is positive. In the short run, through error correction mechanism it has been observed that GDP as dependent variable and export as an independent variable show that short run changes in export have affected positively to GDP and its components.

Keywords: Gross Domestic Product; Export; Unit root test; Cointegration; Error Correction Model; Time series (search for similar items in EconPapers)
JEL-codes: C22 (search for similar items in EconPapers)
Date: 2006-04, Revised 2006-10
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Published in Journal of Global Economy 4.2(2006): pp. 245-277

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Related works:
Journal Article: Export and Economic Growth in India: Causal Interpretation (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:14670

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