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Relationship between trade openness and economic growth of India: A time series analysis

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  • Monojit Chatterji
  • Sushil Mohan
  • Sayantan Ghosh Dastidar

Abstract

The paper aims to examine the empirical relationship between trade openness and economic growth of India for the time period 1970-2010. Trade openness is a multi-dimensional concept and hence measures of both trade barriers and trade volumes have been used as proxies for openness. The estimation results from Vector Autoregressive method suggest that growth in trade volumes accelerate economic growth in case of India. We do not find any evidence from our analysis that trade barriers lower growth.

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File URL: http://www.dundee.ac.uk/media/dundeewebsite/economicstudies/documents/discussion/DDPE_274.pdf
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Bibliographic Info

Paper provided by Economic Studies, University of Dundee in its series Dundee Discussion Papers in Economics with number 274.

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Length: 32 pages
Date of creation: Apr 2013
Date of revision:
Handle: RePEc:dun:dpaper:274

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Keywords: Trade openness; economic growth; India; time series analysis;

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