In the light of the recent observation that the relationship between financial development and economic growth is one of non-linear and limitations of granger test, this paper re-examined relationship in the framework of non-linear Granger causality employing (Diks and Panchenko in Stud...

In this paper, the relationship between electricity consumption (LEC) and economic growth (LGDP) using Autoregressive Distributed Lag (ARDL) model and Granger causality within error correction framework in India over the period 1970–1971 to 2009–2010 are analysed. The results of these tests...

This paper seeks to re-examine the export-led growth hypothesis in India using the quarterly data for the period 1996 to 2009. It uses Granger causality test (Toda and Yamamoto, 1995) and forecast error variance decomposition (within VAR framework) to investigate the interrelationship among...