3.[24-38]Sarbapriya Ray_Final paper

International Affairs and Global Strategy www. iiste. org ISSN 2224-574X (Paper) ISSN 2224-8951 (Online) Vol 1, 2011 24 | P a g e www. iiste. org A Causality Analysis on the Empirical Nexus between Export and Economic Growth: Evidence from India Sarbapriya... More

International Affairs and Global Strategy www. iiste. org ISSN 2224-574X (Paper) ISSN 2224-8951 (Online) Vol 1, 2011 24 | P a g e www. iiste. org A Causality Analysis on the Empirical Nexus between Export and Economic Growth: Evidence from India Sarbapriya Ray Dept. of Commerce, Shyampur Siddheswari Mahavidyalaya, University of Calcutta,West Bengal, India. Tel:+91-33-9433180744,E-mail:sarbapriyaray@yahoo. com Abstract The paper tries to assess empirically the relationship between export and economic growth in India using annual data over the period 1972-73 to 2010-11. Time-series econometric techniques (Granger causality and cointegration) are applied to test the hypothesis of economic growth strategy led by exports. The paper is based on the following hypotheses for testing the causality and co-integration between GDP and export in India as to whether there is bi-directional causality between GDP growth and export, or whether there is unidirectional causality between the two varia Less