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Software Services Export And Its Implications On Economic Growth In India: An Empirical Study

Author

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  • Mousumi Bhattacharya

    (Army Institute of Management, India)

  • Sharad Nath Bhattacharya

    (Army Institute of Management, India)

Abstract

The structural shift in India’s services export since 2003-04 may be attributed to rapid expansion in international trade and investment facilitated by an increased liberalization and the use of technology. The study aims to investigate the possible co-integration and the direction of causality between software services export and non-software miscellaneous services (business, financial, communication and other miscellaneous) export and economic growth during the period 2000-01:Q1-2008-09:Q4. Granger Causality Test conducted in a Vector Error Correction Model (VECM) framework revealed unidirectional causality from software services export to economic growth. To investigate the long and short run dynamics among the variables impulse response analysis is also done.

Suggested Citation

  • Mousumi Bhattacharya & Sharad Nath Bhattacharya, 2013. "Software Services Export And Its Implications On Economic Growth In India: An Empirical Study," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 11(1), pages 17-26.
    • Handle: RePEc:tuz:journl:v:11:y:2013:i:1:p:17-26
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    References listed on IDEAS

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    More about this item

    Keywords

    VESM; cointegration; granger causality; software export;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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