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Export volume, exchange rates and global economic growth: the Indian experience

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  • Rajen Mookerjee

Abstract

Analysis of the nexus of India's export volume, real effective exchange rates and measures of global economic growth is performed using time series techniques of cointegration and causality. The results suggest that India would benefit from a policy of export growth that is managed, rather than stimulated by exchange rate depreciation.

Suggested Citation

  • Rajen Mookerjee, 1997. "Export volume, exchange rates and global economic growth: the Indian experience," Applied Economics Letters, Taylor & Francis Journals, vol. 4(7), pages 425-429.
    • Handle: RePEc:taf:apeclt:v:4:y:1997:i:7:p:425-429
    DOI: 10.1080/135048597355195
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    References listed on IDEAS

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    1. Thornton, Daniel L & Batten, Dallas S, 1985. "Lag-Length Selection and Tests of Granger Causality between Money and Income," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(2), pages 164-178, May.
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    3. James G. MacKinnon, 1990. "Critical Values for Cointegration Tests," Working Paper 1227, Economics Department, Queen's University.
    4. Nelson, Charles R. & Plosser, Charles I., 1982. "Trends and random walks in macroeconmic time series : Some evidence and implications," Journal of Monetary Economics, Elsevier, vol. 10(2), pages 139-162.
    5. Guilkey, David K & Salemi, Michael K, 1982. "Small Sample Properties of Three Tests for Granger-Causal Ordering in a Bivariate Stochastic System," The Review of Economics and Statistics, MIT Press, vol. 64(4), pages 668-680, November.
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    Cited by:

    1. haider, salman & Adil, Masudul hasan, 2017. "An Analysis of Impact of Exchange Rate Volatility on the Indian Manufacturing Exports," MPRA Paper 87839, University Library of Munich, Germany, revised 10 Nov 2017.
    2. Vikas Gautam & Suresh K G & Aviral Kumar Tiwari, 2013. "Impact Of Real Exchange Rates On Exports Of Agricultural Commodities: Evidence From India," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 11, pages 46-58, June.
    3. Abidin ÖNCEL & Liudmila LIAPINA, 2018. "The effects of Turkish-Russian political relations on bilateral trade balance: Cointegration and causal analysis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(614), S), pages 73-94, Spring.

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