Sarath Chandran, B.P. (2010): Trade Compatibility Between India And Asean Countries.
Download (560Kb) | Preview
The post WTO world trading system is witnessing proliferation of large number of Regional Trade Agreements (RTAs). The slow pace of multilateral negotiations and lack of consensus among members on major trade issues is undermining the role of WTO and hastening the regionalism process. Realising the importance of East Asia in the emerging global economic order, India signed a FTA with ASEAN which will come in to force from 1st January 2010. For any Regional Trade Agreement (RTA) to be successful, it is imperative on partner countries to have favourable trade structure between them. In this context, the paper looked in to the trade structure of India and ASEAN countries to identify complementary sectors and product groups for enhanced trade cooperation. Trade indices such as Trade Intensity Index (TII) and Revealed Comparative Index (RCA) are constructed at product group, HS-2 and HS-4 levels to get trade complementarity and Similarity. From the analysis it is revealed that there are complementary sectors and products available between India and ASEAN for greater cooperation.
|Item Type:||MPRA Paper|
|Original Title:||Trade Compatibility Between India And Asean Countries|
|Keywords:||Regional Trade Agreement, Revealed Comparative Advantage, India, ASEAN|
|Subjects:||F - International Economics > F1 - Trade > F15 - Economic Integration
F - International Economics > F1 - Trade > F10 - General
F - International Economics > F1 - Trade > F14 - Empirical Studies of Trade
|Depositing User:||B.P. Sarath Chandran|
|Date Deposited:||02. Sep 2011 16:41|
|Last Modified:||12. Feb 2013 16:15|
Asher, M.G. and R.Sen. 2005. “India‐East Asia Integration: A Win‐Win for Asia”. Economic and Political Weekly, 60, 36, :3932‐3941.
Balassa, Bela. 1965. “Trade Liberalization and Revealed Comparative Advantage”. The Manchester School of Economic and Social Studies, No. 33: 99-123.
Balassa, Bela. 1977. “'Revealed' Comparative Advantage Revisited: An Analysis of Relative Export Shares of the Industrial Countries, 1953-1971”. The Manchester School of Economic & Social Studies, 45(4): 327-44
Baldwin, Richard. 1993. “A domino theory of regionalism’. CEPR Discussion Paper 857; NBER Working Paper, 4465.
Baldwin, R.E. 1997. “The Causes of Regionalism”. The World Economy, 20(7): 865-888.
Batra, Amita and Zeba Khan. 2005. “Revealed Comparative Advantage: An Analysis for India and China”. Indian Council for Research on International Economic Relations (ICRIER), Working Paper No. 168, New Delhi.
Bender, Siegfried and Kui-Wai Li. 2002. “The Changing Trade and Revealed Comparative Advantages of Asian and Latin American Manufacture Exports”. Yale University, Economic Growth Center Discussion Paper Series No. 843.
Bird, Graham and Ramkishen S. Rajan. 2002. “The Political Economy of a Trade-First Approach to Regionalism”. Institute of Southeast Asian Studies, Visiting Researchers Series No. 2(2002).
Burange, L.G; and Sheetal, J. Chaddha. 2008. “ India’s Revealed Comparative Advantage in Merchandise Trade”. Department of Economics, University of Mumbai, Working Paper UDE 28/06/2008.
Chow, Peter C. Y. 1990. “The Revealed Comparative Advantage of the East Asian NICs”. The International Trade Journal, 5(2): 235 – 262.
Drysdale, P. 1969. "Japan, Australia, New Zealand: The Prospect for Western Pacific Economic Integration", Economic Record, 45 (11):321-342.
Ferto, Imre and Lionel J. Hubbard. 2002. “Revealed Comparative Advantage and Competitiveness in Hungarian Agri-Food Sectors”. Institute of Economics, Hungary Academy of Sciences, Budapest, Discussion Paper Series 2002/8.
Karmakar, Suparna. 2005. “India–Asean Cooperation In Services – An Overview”. ICRER Working Paper No. 176. Kawai, Masahiro (2004), ‘Regional Economic Integration and Cooperation in East Asia,’ mimeo
Kemp, M. and H.Y. Wan. 1976. “An elementary proposition concerning the formation of customs union”. Journal of International Economics, 6 (1): 95-97.
Kojima, K. 1964. "The Pattern of International Trade among Advanced Countries". Hitotsubashi Journal of Economics, 5(1): 62-84.
Krishna, P. 1998. “Regionalism and Multilateralism: A Political Economy Approach”. Quarterly Journal of Economics, 113(1): 227-250.
Kumar, N. 2002. “Towards an Asian Economic Community: The Relevance of India”. Research and Information System for Non-Aligned and other Developing Countries (RIS), Discussion Paper No.34, New Delhi.
Lall, Sanjaya and John Weiss. 2004. “People’s Republic of China’s Competitive Threat to Latin America: An Analysis for 1990-2002”. Asian Development Bank Institute, Discussion Paper No. 14
Lall, Sanjaya and Manuel Albaladejo. 2003. “China’s Competitive Performance: A Threat to East Asian Manufactured Exports?”, Queen Elizabeth House Working Paper Series No. 110
Leu, Gwo-Jiun Mike. 1998. “Changing Comparative Advantage in East Asian Economies”. School of Accounting and Business Research Center, NTU, Working Paper Series, 3-98, Singapore.
Levy, P. 1997. “A Political-economic Analysis of Free-trade Agreements”. American Economic Review, 87, 4, 506–19.
Lim, Kang-Taeg. 1997. “Analysis of North Korea’s Foreign Trade by Revealed Comparative Advantages”. Journal of Economic Development, 22 (2): 97-117.
Lipsey. 1960. “The theory of customs unions: A general survey”. Economic Journal, 70 September: 496-513.
Meade, J.E. 1955. “The Theory of Customs Unions”. Amsterdam: North-Holland.
Ohyama, M. 1972. “Trade and welfare in general equilibrium”. Keio Economic Studies 9: 37-73.
Okamoto, Yumico. 2005, “ASEAN, China, and India: Are they more Competitive or Complementary to each Other?”. Department of Policy Studies, Doshisha University, Japan. Available at http://www.elib.doshisha.ac.jp
Panagaria, Arvind. 2000. “Preferential Trade Liberalization: The Traditional Theory and New Developments”. Journalof Economic Literature. XXXVIII: 287-331.
Rajen, Ramkishen S. 2003. “Production Sharing in East Asia, Implications for India”. Economic and Political Weekly, September 6: pp.3770-2.
Richardson, David. J and Chi Zhang. 1999. “Revealing Comparative Advantage: Chaotic or Coherent Patterns Across Time and Sector and U.S Trading Partner?”. National Bureau of Economic Research, Working Paper 7212.
Soloaga, Isidro, and L. Alan Winters. 1999. “How Has Regionalism in the 1990s Affected Trade?”. Policy Research Working Paper Series no. 2156. World Bank, Washington, D.C.
Vanek, J. 1965. General Equilibrium of International Discriminaton: The Case of Customs Unions, Cambridge, Massachusetts, Harvard University Press.
Viner, J. 1950. “The customs union issue”. New York: Carnegie Endowment for International Peace.
Vollrath, T. L. 1991. “A Theoretical Evaluation of Alternative Trade Intensity Measures of Revealed Comparative Advantage”. Weltwirtschaftliches Archiv, 130: 265–279.
Weiss, John. 2004. “People’s Republic of China and its Neighbors: Partners or Competitors for Trade and Investment?”, Asian Development Bank Institute, Discussion Paper No. 13.
World Trade Organisation (WTO). 2008. “International Trade Statistics”, Geneva.
World Bank. 2005, “Trade, Regionalism and Development”. Global Economic Prospects, Washington, D. C: World Bank.
Yeats, Alexander, J . 1997. “Does Mercosur’s Trade Performance Raise Concerns About the Effects of Regional Trade Arrangements”. International Economics Department, The World Bank.
Yue, Changjun. 2001. “Comparative Advantage, Exchange Rate and Exports in China”. Paper prepared for the international conference on Chinese economy, CERDI, France.