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
THE SCOPE FOR INCREASING BIOFUEL CROP PRODUCTION IN JAPAN: AN ANALYSIS OF ALTERNATIVE POLICIES
In 2010, concerns regarding Japan?s excessive dependence on imports for food and energy caused the Japanese government to introduce subsidies to stimulate biofuel crop production. In this paper, we study the viability of...
EXPLORING THE RETURNS AND VOLATILITY SPILLOVER EFFECT IN TAIWAN AND JAPAN STOCK MARKETS
This study examined the returns on the Taiwan Capitalization Weighted Stock Index (TAIEX) and NIKKEI Stock Average Index (NIKKEI) and explored the volatility spillover effect between the Taiwanese and Japanese stock mark...
EXCHANGE RATE UNCERTAINTY AND IMPORT DEMAND OF THAILAND
The impact of exchange rate uncertainty on imports is still controversial because there is no consensus on whether the impact is negative or positive as evidenced from the results of previous studies for both developed a...
VOLATILITY MEAN REVERSION AND STOCK MARKET EFFICIENCY
Traditional econometric models, such as the ordinary least square method, are built on the assumption of constant variance. Financial time series, unlike other economic series, usually exhibit a set of peculiar character...
TELECOMUNICATIONS MARKET IN A SMALL ECONOMY: IS THERE A NEED FOR PRICE CONTROL?
Telecommunications and ICT sector in general is one of the most rapidly growing sectors in the world. The state and level of the technological development of ICT infrastructure plays a very important and critical role in...