Analysing India.s Trade Dynamics vis-É-vis SAARC Members Using the                 Gravity Model

Nag, Biswajit; Nandi, Anisha

doi:10.1177/139156140500700105

Cited by 5 publications

(3 citation statements)

References 27 publications

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“…According to Wooldridge (2000), random effects are possible when the cross-sectional effects are not correlated with the independent variables. Also, Nag and Nandi (2006) reported that in the gravity model context, the country effects or the intercepts will possibly have relationships with country variable such as GDP, distance, etc. In the present study, Hausmans' Specification Test was employed to choose one among the two models.…”

Section: The Gravity Model: Specification and Functional Formmentioning

confidence: 99%

Export Performance of Indian Walnut: Decomposition Analysis and Gravity Model Approach

Qammer¹,

Baba²

2016

Agri. Econ. Rese. Revi.

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Export performance of Indian walnut has been comprehensively analyzed in this study employing chronological data. The export of walnut from India has significantly increased over the years, but still constituted only 3 per cent of total world export. Between 1979 and 2012, the export of shelled walnut has significantly increased, at an annual growth rate of about 3 per cent, while walnut with shell has shown a declining trend over the years, implying widening of markets for value-added products of walnut. The export instability in quantity and value of both shelled and walnut with shell has declined over the years; however, the instability in unit price of shelled walnut has increased over the years. The decomposition analysis has revealed highest contribution of change in mean export quantity among the other components of change in the average export value of walnut. The unit value of Indian walnut export has been found lower compared to many other nations, indicating the possibility of a higher price by ensuring quality parameters as per global standards. The estimates of gravity model have revealed that per capita GDP, agricultural GDP, and consumption of importing partners, and also the Indian GDP are the significant factors determining Indian walnut export. The study has also unveiled unexploited potential of Indian walnut export to some trading partners. The study has emphasized on the improvement in quality of walnut, integration of production and value addition, export promotion and strengthening of bilateral ties with regular trade partners for enhancing export of Indian walnut.

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Section: The Gravity Model: Specification and Functional Formmentioning

confidence: 99%

Export Performance of Indian Walnut: Decomposition Analysis and Gravity Model Approach

Qammer¹,

Baba²

2016

Agri. Econ. Rese. Revi.

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“…Higher the value of GL i higher is the IIT. Following Nag and Nandi (2006), we have extended the index to measure the IIT for each of the SAARC members and adjusting it by assigning weights to individual goods, we have used equation 3to arrive at the Adjusted GL-IIT, where group denotes each of the member countries:…”

Section: Low Degree Of Intra-industry Tradementioning

confidence: 99%

SAARC Geopolitics and Trade

2015

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The South Asian Association for Regional Cooperation (SAARC) region is bestowed with geographical, historical and cultural continuity and yet it remains one of the least integrated regions of the world. This article attempts to analyse the factors inhibiting the economic integration of the region. The intra-SAARC trade is analysed in view of the existence of a free trade agreement between the member nations. The socio-development, infrastructural and economic indicators of the nations are also compared. The reasons for the existence of mistrust and hostility between the SAARC countries are discussed, from India’s evident dominant position in the group as a cause for insecurity among other members to the political standoffs between the member nations. While there exists immense potential for greater economic integration and gains from trade, the lack of basic transport-transit connectivity, technical harmonisation and non-tariff barriers are found to reinforce trade costs and inhibit legal trade. Ensuring better connectivity is recognised as a prerequisite by the nations unanimously; however, their political differences have kept them away from making much headway in this regard.

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“…Nonetheless, there are studies that have examined the impact of tariff liberalization on exports (Disdier et al, 2015; Hayakawa et al, 2020), welfare effects of regionalism vis-à-vis multilateralism (Freund, 2000; Ornelas, 2008), tectonics of regional balance of power within regionalism (Bhattacharya, 2010; Winters, 2015), GATT and WTO membership impact on trade welfare and stability (Baldwin, 2016; Larch et al, 2019; Paul, 2015; Rose, 2005), the impact of multiple RTAs involving India (Francois & Wignaraja, 2008), comparative analysis of RTAs involving ASEAN, China and India (Sen, 2006), trade creation and diversion effects of RTAs (Gaurav & Bharti, 2019; Gharleghi & Shafighi, 2020; Loganathan et al, 2021; Singh, 2021), the impact of mega-RTAs on Indian economy (Ganesh-Kumar & Chatterjee, 2016; Narayanan & Sharma, 2016), and role of India in the economic development of South-Asia (Kumar, 2020; Nag & Nandi, 2006).…”

Section: Introductionmentioning

confidence: 99%

Regionalism or Multilateralism: Evidence from India

Kathjoo

Fazili

2022

South Asia Economic Journal

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With an impasse at Doha round of negotiations, many countries started to change their course of economic liberalization from generic policies of multilateralism to regional trade agreements (RTAs). In this scenario, India plausibly lacks the presence and will of concluding such agreements with some of its major trading partners while being sceptical about the existing ones. Using structural gravity, this study has quantified the impact of country-specific globalization levels and RTAs on international trade among India and its 32 major trading partners. Unlike a plethora of studies employing the gravity model on Indian trade policy issues, we have made use of many recent advancements in gravity modelling. Our methodology robust to the use of intra-national trade data, two alternative estimators, and multiple scenarios naturally addresses the endogeneity issues that are prominent with trade policy variables like RTAs. The empirical results reveal that RTAs have a comparatively strong impact in promoting trade among sample countries. However, country-specific globalization levels measured by the KOF globalization index have a very negligible impact on promoting trade among sample countries. Furthermore, we have obtained very slight asymmetries across the impact of country-specific globalization levels on exports versus imports of mid-income countries with high-income countries. JEL Codes: F1, F14, F15, F60, F68

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Analysing India.s Trade Dynamics vis-É-vis SAARC Members Using the Gravity Model

Cited by 5 publications

References 27 publications

Export Performance of Indian Walnut: Decomposition Analysis and Gravity Model Approach

Export Performance of Indian Walnut: Decomposition Analysis and Gravity Model Approach

SAARC Geopolitics and Trade

Regionalism or Multilateralism: Evidence from India

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