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Revisiting the export-growth nexus for India: an empirical exercise

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  • Vikas Dixit
  • Shaista Parveen

Abstract

This paper attempts to investigate empirically the export-growth nexus for India from different theoretical perspectives. Using robust time series techniques, and considering both demand-side and supply-side explanations of the relationship between export and output growth, this paper finds empirical support for export-led growth hypothesis for India for long run and short run from supply-side as well as demand-side perspectives. The demand-side orientation appears to be the better explanation of this relationship during post-liberalisation period. The horizontal export diversification is observed to have U-shaped relationship with output growth. In terms of export composition (or vertical export diversification), share of manufactured exports bear a positive and significant relation with output growth, whereas the positive but insignificant impact of services exports on economic growth underlines the need for a rigorous policy action in this sector. The results of empirical estimation are further confirmed by lag-augmented vector autoregressive non-causality test.

Suggested Citation

  • Vikas Dixit & Shaista Parveen, 2020. "Revisiting the export-growth nexus for India: an empirical exercise," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 13(5), pages 526-554.
    • Handle: RePEc:ids:ijepee:v:13:y:2020:i:5:p:526-554
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    Cited by:

    1. ONOSE, Okpeku Lilian & Aras, Osman Nuri, 2021. "Does the Export-Led Growth Hypothesis Hold for Services Exports in Emerging Economies?," MPRA Paper 108350, University Library of Munich, Germany.

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