In this paper, we attempt to examine the export-led and manufacturing export-led growth hypothesis for four South Asian Countries; namely, India, Pakistan, Bangladesh and Sri Lanka, using Pedroni's panel cointegration technique for the period 1980-2002. In this context we estimate growth...

India’s 12th Five-Year Plan (2012–13 to 2016–17) emphasises ‘faster, sustainable and more inclusive growth’. The GDP growth target for the Plan was initially fixed at 9 per cent and later revised to 8 per cent against the backdrop of significant contraction of...

This article examines the impact of human capital and openness on total factor productivity (TFP) for five South Asian countries—India, Pakistan, Sri Lanka, Bangladesh, and Nepal—during the period from 1980 to 2011. The empirical results derived from the panel cointegration...

This paper examines the dynamic relationship between fiscal deficits, money supply, and price level in India during the period 1960-61 to 1999-2000. Using vector autoregression (VAR) econometric methodology, which allows variables to be treated as potentially endogenous, the study finds that...

Services sector in India contributes more than 60% of the overall gross domestic product (GDP) and more than 40% of total trade. This sector also absorbs a chunk of manpower, especially in export-oriented industries and reduces the employment burden on other non-services sectors. In this...

This paper examines the validity of Purchasing Power Parity (PPP) in the context of South Asian countries namely India, Sri Lanka and Pakistan. The study verifies the PPP hypothesis that it is more pronounced either in developed countries as a group or developing countries but not between...

This paper examines the long-run relationship between the real exchange rate and productivity differentials on traded and non-traded goods in India and Japan by using the data relating to the period from 1974 to 1998. The study uses the co-integration technique and finds that there is an...

Foreign Direct Investment (FDI) has contributed in a big way in improving export competitiveness and volume of exports particularly technology intensive manufacturing exports in China and Singapore. India has also made earnest efforts in recent years to sell itself as an attractive destination...

Savings behaviour is important because of the close relation between savings and growth. Thus this paper presents individual country analysis of the savings behaviour in five main South Asian countries, namely India, Pakistan, Bangladesh, Sri Lanka and Nepal, using modern time series procedures....

After the formation of NAFTA (North American Free Trade Agreement) in 1994,USA's imports of textiles and clothing items have clearly shown a trend in favor of the Latin American suppliers, particularly Mexico, which is a member of NAFTA. Though India maintains a very low share in the global...