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Agriculture, Manufacturing and Economic Growth in India: A Co-integration Analysis
Journal of Economics and Business Pub Date : 2020-09-30 , DOI: 10.31014/aior.1992.03.03.255
Imran Ali Baig , , Md. Safdar Ali , Abdus Salam , Shah Mohd. Khan

ARTICLE DETAILS ABSTRACT History: Accepted: 08 May 2020 Available Online: 15 June 2020 This study examine the most debatable question of the last three decade, i.e., “Does the agriculture growth affect the economic growth?” with the use of annually data from 1966-to 2016. The study employed unit root and causality test suggested by the Dicky fuller, Phillips-Perron and Granger respectively. Besides, ARDL techniques used to analysis the relationship among the variables, i.e., agriculture, manufacturing and economic growth for the short as well as long period of time. As per outcome, result shows that, uni-directional causality running from manufacturing and economic growth to agricultural growth. Moreover, unidirectional causality running from economic growth to manufacturing growth. Results also showed that bidirectional causal relationship between economic and agriculture growth. It can be concluded that, this study support of a very famous statement “agriculture is the engine of economic growth" this statement is valid for the short period of time but manufacturing contributed more than agriculture sector to the economic growth in the long run in India.

中文翻译:

印度的农业,制造业和经济增长:协整分析

文章摘要摘要历史:已接受:2020年5月8日在线提供:2020年6月15日这项研究研究了过去三年中最有争议的问题,即“农业增长是否会影响经济增长?” 并使用1966年至2016年的年度数据。该研究分别采用了Dicky fuller,Phillips-Perron和Granger建议的单位根和因果关系检验。此外,ARDL技术用于分析变量之间的关系,即短期,长期内的农业,制造业和经济增长。根据结果​​,结果表明,从制造业和经济增长到农业增长的单向因果关系。此外,从经济增长到制造业增长的单向因果关系。结果还表明,经济与农业增长之间存在双向因果关系。可以得出结论,该研究支持非常著名的声明“农业是经济增长的引擎”,该声明在短期内有效,但从长远来看,制造业对农业增长的贡献超过了农业部门。
更新日期:2020-09-30
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