000			01523nam a22001577a 4500
999			_c519192 _d519192
008			220214b ||||| |||| 00| 0 eng d
100			_aDas, Samir Kumar and Behera, Minaketan _932087
245			_aExport lead growth hypothesis (ELGH): Co-integration and causality analysis for India
260			_aThe Indian Journal of Economics
300			_a400(101), Jul, 2020: p.57-66
520			_aThe objective of this paper is to examine the association between performance of real exports and imports and economic development in India for the period 1971-2018. The paper employs a variety of analytical tools, including co integration analysis, Granger causality tests, and unit root tests, coupled with vector auto regression (VAR) analyses in order to test export led growth hypothesis. The empirical findings revealed that GDP, real exports and real imports are co-integrated and it confirmed existence of long-run relationship among the variables. Granger Causality Test results do not reject the null hypothesis of real exports does not Granger causes GDP, even though two measures for GDP are used (GDP and GDP net of Exports). However, it found one-way causality between Exports and Investment. The causality flows from exports to investment. Further, the study found one-way causality from investment to economic growth. - Reproduced
650			_aGrowth, Export, India, Co-integration test, Granger causality test. _929828
773			_aThe Indian Journal of Economics
906			_aFOREIGN TRADE
942			_cAR