Export-Led Growth Hypothesis in India: Some Further Evidences
This paper seeks to re-examine the export-led growth hypothesis in India using the quarterly data for the period 1996 to 2009. It uses Granger causality test (Toda and Yamamoto, 1995) and forecast error variance decomposition (within VAR framework) to investigate the interrelationship among exports, imports, real effective exchange rate, and economic growth in the short run as well as long run. The results of the study do not support the export-led growth hypothesis, rather it supports the growth-led export hypothesis.
Year of publication: |
2010
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Authors: | Nain, Md. Zulquar ; Ahmad, Wasim |
Published in: |
The IUP Journal of Monetary Economics. - IUP Publications. - Vol. VIII.2010, 3, p. 69-82
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Publisher: |
IUP Publications |
Saved in:
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