Title: Education, openness and economic growth in India: evidence from cointegration analysis

Authors: Rudra P. Pradhan

Addresses: Vinod Gupta School of Management, Indian Institute of Technology, Kharagpur, West Bengal-721 302, India

Abstract: The export-led growth hypothesis (ELGH) is an interesting field of research in applied economics. The paper investigates the role of education on the ELGH in India during 1951-2009. Using cointegration and error correction model technique, it finds the feedback effect between education and growth, and a unidirectional causality from economic growth to openness. However, it does not find any significant causality between education and openness. The findings of the paper suggest that education has a supportive role to ELGH.

Keywords: education; openness; economic growth; cointegration; India; export-led growth; error correction; modelling.

DOI: 10.1504/IJEED.2011.040405

International Journal of Education Economics and Development, 2011 Vol.2 No.2, pp.103 - 112

Published online: 11 Oct 2014 *

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