financial development, trade openness and growth in india

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ID: 142049
2018
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Abstract
This paper studies the relationship between the financial development, trade openness and economic growth in India. The Phillips-Perron (PP) test is used to check the order of integration of the variables. We apply both Johansen co-integration and Granger causality methodologies for a long run relationship and the direction of the Causality between the variables. Our findings confirm that there exist the long run relationship among financial development, trade openness, and growth. Results also support the idea that country may experience faster per-capita growth with a growing degree of trade openness through gains in country productivity associated with capital accumulation. Finally, the direction of the causality results followed mixed.
Reference Key
chandrashekar2018theoreticalfinancial Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors ;Raghutla CHANDRASHEKAR;T. SAMPATH;Krishna Reddy CHITTEDI
Journal 2019 ieee 6th international conference on industrial engineering and applications, iciea 2019
Year 2018
DOI
DOI not found
URL
http://store.ectap.ro/articole/1323.pdf
Keywords
economic growth trade openness financial development demographyeconomics as a science

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