Economic Growth and Trade-related Variables: An Empirical Study Using Indian Data

The present study deals with the growth performance of export (X), ­import (M), and economic growth (Y) in India over the period 1970–1971 to 2016–2017 as well as tariff (TR) for the period 1990–2017 by employing the methodology of one-time endogenous structural break suggested by Zivot and Andrews (1992). Also, an attempt has been taken to examine the direction of causality between the above-mentioned trade-related variables and economic growth using Granger Causality Test. Results of estimation reveal that all the variables converge toward a stationarity process having constant variability overtime. There exists structural break in the year 1996, 2006, 2008, and 2010, respectively, for economic growth, tariff, imports, and exports. Bidirectional causality is found running from economic growth to tariff and from tariff to economic growth. But there is unidirectional causality from imports to tariff, imports to exports and from exports to tariff.

• Publication year

  2021

• Venue

  Global Tariff War: Economic, Political and Social Implications

• Publication date

  2021-03-09

• Fields of study

  Economics

• Identifiers
  DOI 10.1108/978-1-80071-314-720211011
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

• Exports, imports and economic growth in India: An empirical analysis

  2020cited by this paper
• Causality Relationship Between Import, Export and Growth Rate in Developing Countries

  2016cited by this paper
• Does two-part tariff licensing agreement enhance both welfare and profit?

  2015cited by this paper
• INDIA’S FOREIGN TRADE TRENDS IN PRE AND POST LIBERALISATION ERA

  2015cited by this paper
• The relationship between the growth of exports and growth of gross domestic product of India

  2014cited by this paper
• Empirical Analysis of Trade Barriers and Economic Growth in Nigeria

  2014cited by this paper
• Is Tariff Reduction a Viable Strategy for Economic Growth in the Periphery? An Examination of Tariff Interaction Effects in 69 Less Developed Countries

  2013cited by this paper
• DOES STOCK MARKET DEVELOPMENT CAUSE ECONOMIC GROWTH ? A TIME SERIES ANALYSIS FOR BANGLADESH ECONOMY

  2011cited by this paper
• The Structure of Tariffs and Long-Term Growth

  2010cited by this paper
• FORECASTING GDP GROWTH RATES OF INDIA: An Empirical Study

  2010cited by this paper
• Tariff Jumping and Joint Ventures

  2009cited by this paper
• Trade Adjustment and Human Capital Investments : Evidence from Indian Tariff Reform

  2008cited by this paper
• Export Growth, Export Instability, Investment and Economic Growth in India: a Time Series Analysis

  2008cited by this paper
• Tariffs and Growth: An Empirical Exploration of Contingent Relationships

  2006cited by this paper
• Reinvestigating Export-Led Growth in India Using a Multivariate Cointegration Framework

  2004cited by this paper
• Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis

  1992cited by this paper
• International trade with endogenous technological change

  1991cited by this paper
• Private Investment and Economic Growth in Developing Countries

  1989cited by this paper
• The Great Crash, The Oil Price Shock And The Unit Root Hypothesis

  1989cited by this paper
• Exports, policy choices, and economic growth in developing countries after the 1973 oil shock

  1985cited by this paper
• Tariff Retaliation from a Strategic Viewpoint

  1982cited by this paper

• Public Opinion On Effect Of Foreign Trade Activities On The Economic Growth Of India.

  2024cites this paper