The Dynamics of the Relationship between Imports and Economic Growth in India

P. K. Mishra

South Asian Journal of Macroeconomics and Public Finance, 2012, vol. 1, issue 1, 57-79

Abstract: In a developing country like India, the role of international trade is very significant. And, the relevance of export-led growth hypothesis in India has been the major issue of many empirical studies. But, the other aspect concerning the importance of imports in the economic growth of the country is yet a moot point. This article is an attempt to investigate the dynamics of the relationship between imports and economic growth in India for the period 1970–1971 to 2009–2010. Using time series techniques such as vector error correction estimates and Granger causality tests, we show the existence of a two-way relationship between import growth and income growth in the long run.

Keywords: Imports; real GDP; India; error correction model; Granger causality; C32; F43; O24 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/227797871200100105 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:smppub:v:1:y:2012:i:1:p:57-79

DOI: 10.1177/227797871200100105

Access Statistics for this article

More articles in South Asian Journal of Macroeconomics and Public Finance
Bibliographic data for series maintained by SAGE Publications ().