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IMPACT OF TRADE LIBERALIZATION ON BALANCE OF PAYMENTS IN INDIA


Harshleen Kaur
,
Abstract

The present study attempts to examine the impact of trade liberalization on balance of payments (BOP) in India by taking into account the time series data for the period 1991 to 2015. By using Augmented Dickey Fuller test, Cointegration and Regression analysis (where data is not stationary), the study found no significant impact of trade openness on balance of payments (BOP) in the post reform period which maybe because of many internal and external factors.

KEYWORDS: Trade Liberalization, Balance of Payments, Exports, Imports, Regression Analysis

Keywords:
Journal Name :
EPRA International Journal of Economic and Business Review(JEBR)

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Vol : 4
Issue : 9
Month : September
Year : 2016
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