EXPORT LED GROWTH OR GROWTH LED EXPORT HYPOTHESIS IN INDIA: EVIDENCE BASED ON TIME-FREQUENCY APPROACH
Journal Title: Asian Economic and Financial Review - Year 2013, Vol 3, Issue 7
Abstract
A plethora of research activity on the relationship between a country’s export and economic growth has produced ambiguous and mixed results. We reinvestigate this relationship using the methodology of wavelets based correlation and cross correlation. Our results show that the relationship between export growth and output growth is not only positive in India but this relationship grows stronger as time horizons increases. Our results based on wavelet cross-correlation show that causal relationship is bi-directional at higher time scales.
Authors and Affiliations
Arif Billah Dar| Department of Economics Pondicherry University, Puducherry India, Niyati Bhanja| Department of Economics Pondicherry University, Puducherry India, Amaresh Samantaraya| Department of Economics Pondicherry University, Puducherry India, Aviral Kumar Tiwari| Research scholar and Faculty of Applied Economics ICFAI University Tripura, India
Keywords
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- EP ID EP1933
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