Export Growth, Export Instability, Investment and Economic Growth in India: A Time Series Analysis

• Published in: The Journal of developing areas Vol. 41; no. 2; pp. 155 - 170
• Main Authors: Kaushik, Krishan K., Klein, K. K.
• Format: Journal Article
• Language: English
• Published: Nashville College of Business, Tennessee State University 01.04.2008; Tennessee State University College of Business; Journal of Developing Areas
• Subjects: Causality; Developing countries; Development studies; Econometrics; Economic growth; Economic growth models; Economic instability; Economic models; Eigenvalues; Error correction & detection; Exports; Financial investments; GDP; Gross Domestic Product; Growth models; India; Investment; Investments; LDCs; Long run economic growth; Long run equilibrium; Production functions; Studies; Time series; Variables; India

This paper uses Johansen's co-integration analysis and a vector error-correction model to investigate the relationship between economic growth, export growth, export instability and gross fixed capital formation (investment) in India during the period 1971-2005. The empirical results suggest th...