چکیده:
This paper examines impact of trade liberalization on industrial growth of India. The research problem is expressed as "To what extent does trade liberalization or openness of the economy influence industrial growth of India?" To identify the impacts of trade liberalization, total time period, 1970-2010, is divided into two sub periods of before trade liberalization i.e. (1970 to 1990) and after trade liberalization i.e. (1991 to 2010). The variables identified in the main objective of the study are tested hypothetically, and quantitative analytical methods are applied to make accurate and reliable conclusions. Graphical presentations and regression analyses are used to assess the degree of relationships among variables concerned. Further to test the structural changes in the country, the Chow test is applied. Findings of the study confirm that there is no evidence that the structural changes in industrial growth rates have been happened during the last four decades due to trade liberalization in India.
خلاصه ماشینی:
"According to the regression model, slope coefficient describes INVA growth rates for pre & post trade liberalization.
The chow test shows there is no evidence that the structural changes in industrial growth rates have been happened during the last four decades due to trade liberalization in India (See Equations B-1, B-2 and B-3 in Appendix B).
402 The rate of growth of industrial value added (INVA) over pre and post liberalization period is estimated using log-linear regression model.
According to the regression model, slope coefficient describes export growth rates for pre & post trade liberalization.
According to the regression model, slope coefficient describes import growth rates for pre & post trade liberalization.
But According to the regression model, equation 8, the Chow test shows there is no evidence that the structural changes in industrial growth rates have been happened during the last four decades due to trade liberalization in India.
As a whole it is proved that country has achieved higher EX growth after 1991 with trade liberalization also the Chow test shows that the structural changes in export growth rates have been happened during the last four decades due to trade liberalization in India.
The result of Chow test proves the structural changes in industrial growth rates have not been happened during the last four decades due to trade liberalization in India.
Also the Chow test shows that the structural changes in export growth rates have been happened during the last four decades due to trade liberalization in India."