Does trade openness affect economic growth in India? Evidence from threshold cointegration with asymmetric adjustment
نویسندگان
چکیده
منابع مشابه
Cointegration and Threshold Adjustment
Cointegration among interest rates for instruments with different maturities has been widely tested with mixed results. This paper proposes an extension to the Engle-Granger testing strategy by permitting asymmetry in the adjustment toward equilibrium in two different ways. We demonstrate that our test has good power and size properties over the Engle-Granger test when there are asymmetric depa...
متن کاملDoes trade openness affect long run growth? Cointegration, causality and forecast error variance decomposition tests for Pakistan
Article history: The study investigates the impact of trade openness on economic growth in the long run. We apply the ARDL Accepted 28 July 2012 bounds testing approach to test for a long run relationship and the augmented production function by incorporating financial development as an additional determinant of economic growth using the framework of
متن کاملTechnology, Human Capital and Growth: Further Evidence from Threshold Cointegration
This paper assesses whether the linkages between R&D, human capital and productivity growth in a panel of EU manufacturing industries over the period 1980-2002 are affected by a critical level of human capital. To employ our data in an efficient manner, the study makes use of a dynamic threshold-based analysis, which determines endogenously the sample splitting procedure. The estimates indicate...
متن کاملDoes Economic Growth Help Poor People? Evidence from Iran in the first five - year plan
This paper examines the relationship between growth and poverty in Iran during the first five-year plan. In other words, effort has been made to show whether economic growth in Iran helped poor people or not. For this purpose the concept of pro poor growth has been analyzed with application to the economy of Iran, both in urban and rural areas and in the country as a whole. We use an indicator ...
متن کاملFiscal Deficit-Economic Growth Nexus in India: A Cointegration analysis
The basic aim of the study is to examine both the short run and long run relationship between fiscal deficit and economic growth in India by covering the time period from 1970-71 to 201112. Johansen Cointegration test, Granger Causality test, And Vector Error correction Model (VECM) technique are adopted in order to examine the objectives of this study. The Johansen methodology confirms the exi...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Cogent Economics & Finance
سال: 2020
ISSN: 2332-2039
DOI: 10.1080/23322039.2020.1782659