Export Led Growth or Growth Led Export Hypothesis in India: Evidence Based on Time-Frequency Approach
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Keywords

Export-lead growth hypothesis, Time-frequency approach, Wavelet cross-correlation, India

How to Cite

Dar, A. B. ., Bhanja, N. ., Samantaraya, A. ., & Tiwari, A. K. . (2013). Export Led Growth or Growth Led Export Hypothesis in India: Evidence Based on Time-Frequency Approach. Asian Economic and Financial Review, 3(7), 869–880. Retrieved from https://archive.aessweb.com/index.php/5002/article/view/1059

Abstract

A plethora of research activity on the relationship between a country’s export and economic growth has produced ambiguous and mixed results. We reinvestigate this relationship using the methodology of wavelets based correlation and cross correlation. Our results show that the relationship between export growth and output growth is not only positive in India but this relationship grows stronger as time horizons increases. Our results based on wavelet cross-correlation show that causal relationship is bi-directional at higher time scales.

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