Interactions of services export, financial development and growth: evidence from India

被引：0

作者：

Azmi S.N. ^{[1
]}

Akhtar S. ^{[2
]}

机构：

[1] Department of Management, Ala-Too International University, Bishkek

[2] School of Business, Woxsen University, Hyderabad

来源：

Quality & Quantity | 2023年 / 57卷 / 5期

关键词：

ARDL; Cointegration; Financial development; Services export; Trade;

D O I：

10.1007/s11135-022-01566-8

中图分类号：

学科分类号：

摘要：

The rising significance of services export in international trade brings to the fore discussions on its linkage with financial development and growth. In this context, the present study is undertaken to understand the role of financial development and growth in determining services export and further examine the reverse causality hypothesis among the variables. The study uses annual data from 1980 to 2018 from India. It employs real services export and GDP to control for price variations and financial development index to capture the extent of financial development in India. The researchers have opted for Autoregressive Distributed Lag framework to determine the existence of a long run equilibrium between the variables along with the short run dynamics. The results from bounds test suggest that the variables are cointegrated. However, in the short run only growth is significant. These results provide incentives for policy makers to promulgate policies aimed at enhancing various aspects of financial development and domestic production, for acceleration of services export growth. © 2022, The Author(s), under exclusive licence to Springer Nature B.V.

引用

页码：4709 / 4724

页数：15

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