Trade Openness, Foreign Direct Investment and Economic Growth: Empirical Evidence from India


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Field Value
Title Trade Openness, Foreign Direct Investment and Economic Growth: Empirical Evidence from India
Creator Pal, Brajaballav; Research Scholar Faculty of Commerce, BHU
Subject FDI, Trade Openness, GDP, Export, Import, Unit root, Johansen co-integration test and Granger causality
Description This paper examines the relationship among GDP, foreign direct investment and trade openness for India using time series data from 2001 to 2016. In this study unit root test is used to solve the problem of stationery and to determine the order of integration between the variables. Johnson co-integration test suggests that there is a long run equilibrium relationship among the variables by considering relationship between Gross Domestic Product (GDP), Foreign Direct Investment (FDI) and Trade Openness (TO). The result indicates that trade openness exerts influence on foreign direct investment. The government and policy makers should take up strategies to attract foreign investment so as to promote economic growth.
Publisher School of Management Sciences
Date 2016-12-07
Type info:eu-repo/semantics/article
Peer-reviewed Article
Format application/pdf
Source Adhyayan: A Journal of Management Sciences; Vol 6, No 2 (2016)
Language eng

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