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An Empirical Study of Export and Economic Growth in India since 1960:A Co integration Analysis

Author

Listed:
  • Seyed Mohammadreza Hosseini

    (Department of Studies in Economics, University of Mysore, Mysore)

  • D.S.Leelavathi

    (Department of Economics, DOS in Economics & Cooperation, University of Mysore.)

Abstract

The current study aims to explore the relationship between the two main macroeconomic variables, the export and economic growth,based on the export-led growth hypothesis (ELGH) in India for the period 1960 to 2010. The ELGH is an economic strategy used in the international trade policy of some developing countries for tracing the impact of trade on their economic growth. The ELGH is tested by the co-integration, error correction modeling and Granger causality approach. The results of the study show that there is evidence of unidirectional causality between export and economic growth for India. In fact, the economic growth causes export growth.

Suggested Citation

  • Seyed Mohammadreza Hosseini & D.S.Leelavathi, 2014. "An Empirical Study of Export and Economic Growth in India since 1960:A Co integration Analysis," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 18(1), pages 53-64, Winter.
    • Handle: RePEc:eut:journl:v:18:y:2014:i:1:p:53
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    References listed on IDEAS

    as
    1. Hendry, David F, 1986. "Econometric Modelling with Cointegrated Variables: An Overview," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 48(3), pages 201-212, August.
    2. Bhagwati, Jagdish N & Chakravarty, Sukhamoy, 1969. "Contributions to Indian Economic Analysis: A Survey," American Economic Review, American Economic Association, vol. 59(4), pages 2-73, Part II S.
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