Title

A Time Series Analysis of the Role of Imports in India's Phenomenal Economic Growth

Document Type

Article

Department or Administrative Unit

Economics

Publication Date

2010

Abstract

This paper investigates the role of imports in India's impressive economic growth. Annual data ranging from 1970 to 2005 are used to investigate the impact of imports on economic growth that is measured by the real GDP. Johansen's ( 1988) cointegration tests indicate that these two variables are cointegrated. Therefore, a long run relationship between imports and the real GDP exists. A vector error correction (VEC) testing framework is used in a further data analysis. VEC tests indicate that imports have impacted positively India's economic growth in the short run. Therefore, imports may have played an important role in India's recent economic growth.

Comments

This article was originally published in the Indian Journal of Economics & Business. That journal is no longer being published.

Journal

Indian Journal of Economics & Business

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