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

  • Monojit, Chatterji
  • Sushil, Mohan
  • Sayantan Ghosh, Dastidar

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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Paper provided by Scottish Institute for Research in Economics (SIRE) in its series SIRE Discussion Papers with number 2013-27.

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Date of creation: 2013
Date of revision:
Handle: RePEc:edn:sirdps:462
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