Does globalization affect export performance in India? An empirical insight

Bibliographic Data

ID12706388
AuthorsAruna Kumar Dash (0000-0003-3882-258X, Department of Economics IBS Hyderabad Hyderabad India, corresponding author)
Year2020
Volume21
Issue2
Publication date2020-07-03
Open AccessYes
TypeARTICLE
VenueJournal of Public Affairs (JOURNAL)
Journal identifiersISSN: 1472-3891 • E-ISSN: 1479-1854
PublisherWiley (PUBLISHER • GB)
DOI10.1002/pa.2209
OpenAlexW3038217921
LanguageEN
Citations received1
References cited13

The present paper examines the effect of economic globalization on India's aggregate export performance during the period from 1995:M1 to 2016:M12. We use various macroeconomic variables such as export, relative price, nominal effective exchange rate (NEER), GDP per capita, and economic globalization. We employ Auto Regressive Distributed Lag (ARDL) model to find out the long‐run equilibrium relationship among the variables considered. The empirical results indicate that there exists a long‐run equilibrium relationship between export, relative price, NEER, GDP per capita and economic globalization. Further, in the long run, we find that India's export performance is influenced by economic globalization, GDP per capita and relative price. However, in the short run, export performance is influenced by economic globalization, relative price, NEER and GDP per capita. In the short run, 1% increase in economic globalization will lead to increase in the volume of export by 0.77%; whereas, in the long run, it is 3.40%. Hence, sustainability of export in the long run is a matter of concern for policy makers

Distributed lag · Econometrics · Economics · Exchange rate · Globalization · Gross domestic product · International economics · Macroeconomics · Market economy · Monetary economics · Per capita · Real gross domestic product · Relative price · Short run · Fiscal Policy and Economic Growth · Global trade and economics · Monetary Policy and Economic Impact

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