The Effects of Capital Formation on Economic Growth in India: Evidence from ARDL-bound Testing Approach

被引：37

作者：

Bal, Debi Prasad ^{[1
]}

Dash, Devi Prasad ^{[2
]}

Subhasish, Bibhudutta ^{[3
]}

机构：

[1] NIT Sikkim, Dept Humanities & Social Sci, Ravangla 737139, Sikkim, India

[2] Indian Inst Technol, Dept Humanities & Social Sci, Ropar, Punjab, India

[3] Markets & Markets, Pune, Maharashtra, India

来源：

GLOBAL BUSINESS REVIEW | 2016年 / 17卷 / 06期

关键词：

Capital formation; economic growth; ARDL; total factor productivity;

D O I：

10.1177/0972150916660403

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article examines the impact of capital formation on economic growth in India covering the period from 1970 to 2012. This paper traces a long-run equilibrium relation between capital formation and economic growth and other control variables by using autoregressive distributed lag (ARDL) model. The error correction (ECM) model shows that the capital formation, trade openness, exchange rate and total factor productivity positively affect the economic growth and the inflation negatively affects the economic growth in the short run. It is recommended that government increases the level of capital formation in order to achieve a higher level of economic growth.

引用

页码：1388 / 1400

页数：13

共 50 条

[1] Human Capital and Economic Growth in India: The ARDL Approach
Alam, Fakhre
[J]. AMAZONIA INVESTIGA, 2023, 12 (68): : 9 - 20
[2] The linkages between trade, financial openness, and economic growth in China: an ARDL-bound test approach
Usman, Khalid
[J]. JOURNAL OF APPLIED ECONOMICS, 2023, 26 (01)
[3] Social Overhead Capital and Economic Output in Pakistan: An ARDL Bound Testing Approach
Bashir, Furrukh
Rehman, Hafeez Ur
Faridi, Muhammad Zahir
[J]. FWU JOURNAL OF SOCIAL SCIENCES, 2013, 7 (02): : 181 - 192
[4] Does innovation matter for total factor productivity growth in India? Evidence from ARDL bound testing approach
Kale, Seenaiah
Rath, Badri Narayan
[J]. INTERNATIONAL JOURNAL OF EMERGING MARKETS, 2018, 13 (05) : 1311 - 1329
[5] Effect of tourism FDI and international tourism to the economic growth in Morocco: Evidence from ARDL bound testing approach
El Menyari, Younesse
[J]. JOURNAL OF POLICY RESEARCH IN TOURISM LEISURE AND EVENTS, 2021, 13 (02) : 222 - 242
[6] Electricity Consumption-Economic Growth Nexus: Evidence from ARDL Bound Testing Approach in the Tunisian Context
Mighri, Zouheir
Ragoubi, Hanen
[J]. GLOBAL BUSINESS REVIEW, 2023, 24 (04) : 800 - 811
[7] Environmental Impact of Sectoral Energy Consumption on Economic Growth in Malaysia: Evidence from ARDL Bound Testing Approach
Hussain, Hafezali Iqbal
Salem, Milad Abdelnabi
Rashid, Aimi Zulhazmi Abdul
Kamarudin, Fakarudin
[J]. EKOLOJI, 2019, 28 (107): : 199 - 210
[8] The Effects of Fiscal Effort in Tunisia: An Evidence from the ARDL Bound Testing Approach
Mahfoudh, Naoufel
Gmach, Imen
[J]. ECONOMIES, 2021, 9 (04)
[9] Foreign capital inflows, economic growth and stock market capitalization in Asian countries: an ARDL bound testing approach
Syed Ali Raza
Syed Tehseen Jawaid
[J]. Quality & Quantity, 2014, 48 : 375 - 385
[10] BALANCE OF PAYMENTS CONSTRAINED GROWTH IN TURKEY: EVIDENCE FROM ARDL BOUND TESTING APPROACH
Acaravci, Ali
Ozturk, Ilhan
[J]. TRANSFORMATIONS IN BUSINESS & ECONOMICS, 2009, 8 (02): : 57 - 65

← 1 2 3 4 5 →