Document Type
Article
Department or Administrative Unit
Economics
Publication Date
3-2010
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.
Recommended Citation
Saunders, P.J. (2010). A Time Series Analysis of the Role of Imports in India's Phenomenal Economic Growth. Indian Journal of Economics and Business, 91, 101-109.
Journal
Indian Journal of Economics & Business
Comments
This article was originally published in the Indian Journal of Economics & Business.
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