Effects of exports on productivity and growth in India: an industry–based analysis

Singh, Tarlok

doi:10.1080/00036840210139337

Cited by 17 publications

(19 citation statements)

References 28 publications

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“…Kravis (1970) postulates that a more generally applicable metaphor would be to describe trade expansion as the ‘handmaiden’ of successful growth, rather than as an autonomous ‘engine of growth’. The studies examining the role of trade in growth and testing the ‘export‐led growth’ versus ‘growth‐led export’ hypothesis provide mixed evidence (Oxley, 1993; Greenaway and Sapsford, 1994; Bodman, 1996; Singh, 2003).…”

Section: Trade and Growth: An Overview Of The Literaturementioning

confidence: 99%

International Trade and Economic Growth Nexus in Australia: A Robust Evidence from Time‐Series Estimators

Singh

2011

World Economy

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This study examines the effects of international trade on output and tests the null of Granger non‐causality between trade and economic growth in Australia. The single‐equation IV‐GMM, DOLS, FMOLS and NLLS and the system‐based ML estimates consistently support the positive and significant long‐run effects of exports and investment on output. The effects of imports are consistently negative across all the estimates. The OLSEG, RLS and ARDL‐ECM estimates provide a mixed and weak and that overparameterised level‐VAR estimates no support for the effects of trade on output. The estimates of the model with structural breaks provide a dominant support for the cointegrating relationship among variables. In conclusion, the evidence supporting the positive and significant long‐run effects overwhelms the evidence providing a mixed, weak or no support for the effects of trade on output. The results of the study can be inductively generalised to mimic the findings of the literature at large and to suggest that a part of the inconclusiveness over the gains of trade could analogously be ascribed to the use of different methodologies and test statistics across studies. The results support the acceleration of exports and investment to foster the higher levels of output and economic growth.

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Section: Trade and Growth: An Overview Of The Literaturementioning

confidence: 99%

International Trade and Economic Growth Nexus in Australia: A Robust Evidence from Time‐Series Estimators

Singh

2011

World Economy

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“…Examples using aggregate data include Hsiao (1987), Kunst and Marin (1989), Marin (1992), Bodman (1996), Frankel et al (1996, Agosin (1999) and Lawrence and Weinstein (1999). Examples using industry-level data include studies by Jenkins (1995), Choudhri and Hakura (2000), Kim (2000), Ferreira and Rossi (2003) and Singh (2003). The results are usually mixed: some find that trade or exports cause economic or productivity growth, others that productivity causes exports, and yet others find no relation or clear causality.…”

Section: Conclusion and Future Researchmentioning

confidence: 99%

Trade and Growth: Reconciling the Macroeconomic and Microeconomic Evidence

López

2005

Journal of Economic Surveys

214

135

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Many empirical studies based on plant-level data have found that firms that enter the export markets are more productive than non-exporters and that this difference in productivity is achieved before firms become involved in exporting. These findings have challenged the traditional view that openness to trade increases productivity and economic growth. This article reconsiders the literature on trade, growth, and trade policies and argues that a careful examination of these new findings is consistent with the idea that exporting increases productivity and economic growth.

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“…A well-developed and resilient financial sector is essentially important to facilitate the acceleration or sustainability of economic growth. The financial sector facilitates the For a discussion on the effects of other factors, such as exports, on the growth and productivity in India, see Singh (2003). 23 In a regression model specified by YðtÞ ¼ þ XðtÞ þ "ðtÞ, the contemporaneous effect of Y(t) on X(t) violates the classical assumption of cov½XðtÞ, "ðtÞ¼0.…”

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confidence: 98%

Financial development and economic growth nexus: a time-series evidence from India

Singh¹

2008

Applied Economics

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This study examines the relationship between financial development and economic growth in India for the period 1951-52 to 1995-96. The long-run equilibrium and short-run dynamic models are estimated using financial interrelations ratio and new issue ratio as the measures of financial development, a la Goldsmith (1969). The Johansen (1991) estimator rejects the null of zero cointegrating vector and shows the presence of long-run equilibrium relationship between financial development and economic growth. The error correction model, impulse response and variance decomposition analyses (Sims, 1980), and the Toda and Yamamoto (1995) estimator show the presence of bidirectional Granger-causality between financial development and economic growth. The presence of bidirectional Granger-causality suggested by these estimators points towards the possible problem of endogeneity and simultaneity bias in the growth models that examine the contemporaneous effect of financial development on economic growth. The economic reforms that started since July 1991 emphasized on the liberalization and development of financial sector to supplement the efforts aimed at achieving high economic growth in India.

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Effects of exports on productivity and growth in India: an industry–based analysis

Cited by 17 publications

References 28 publications

International Trade and Economic Growth Nexus in Australia: A Robust Evidence from Time‐Series Estimators

International Trade and Economic Growth Nexus in Australia: A Robust Evidence from Time‐Series Estimators

Trade and Growth: Reconciling the Macroeconomic and Microeconomic Evidence

Financial development and economic growth nexus: a time-series evidence from India

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