The role of exports in India's economic growth |
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| Authors: | Pradeep Agrawal |
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| Affiliation: | 1. Reserve Bank of India Chair Unit, Institute of Economic Growth, University Enclave, Delhi 110007, Indiapradeep@iegindia.org |
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| Abstract: | We analyze the role of exports in India's economic growth and examine whether the export-led growth hypothesis (ELGH) applies to India. Our causality analysis provides support for the validity of the ELGH for India in the trade liberalization phase. Error variance decomposition and other analyses are also undertaken; these corroborate the results of the causality analysis and suggest that the rapid growth of exports has played a substantial role in increasing the growth rate in India following the economic reforms of 1991. |
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| Keywords: | exports growth causality export-led growth India |
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