India and trade blocs: A gravity model analysis

This paper analyses the trading relationship of India with major trade blocs which includes EU, NAFTA and ASEAN weather the trade flow indeed affected by the GDP (Income), Distance, tariff and per capita GDP by using gravity model on the panel data from the period of 1991 to 2017. The panel data is...

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Main Authors: Arjun SINGH, Dr. S.P. PADHI
Format: Article
Language:English
Published: General Association of Economists from Romania 2020-12-01
Series:Theoretical and Applied Economics
Subjects:
eu
Online Access: http://store.ectap.ro/articole/1504.pdf
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spelling doaj-5da78836e41c479db4a34a255dc93fb82021-01-07T11:13:14ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292020-12-01XXVII421723218418678India and trade blocs: A gravity model analysisArjun SINGH0Dr. S.P. PADHI1 Panjab University Chandigarh, India Panjab University Chandigarh, India This paper analyses the trading relationship of India with major trade blocs which includes EU, NAFTA and ASEAN weather the trade flow indeed affected by the GDP (Income), Distance, tariff and per capita GDP by using gravity model on the panel data from the period of 1991 to 2017. The panel data is examined by the Multi-level mixed effect model with linear regression and ML method of estimation is used for estimating the model. The study will attempt to examine the trade bloc which has significant trade with India as per the gravity model is a concern. The study found that the distance negatively affecting the trade flow for EU and NAFTA which is as per theoretically expectations while in case of ASEAN its positively affecting the trade flow which is not as per theoretical expectations, However the coefficient is not significant. GDP is negatively and insignificantly affecting the trade flow between India and ASEAN and NAFTA whereas GDP is negatively and significantly affecting the trade flow between India and EU. http://store.ectap.ro/articole/1504.pdf eunaftaeconomic integrationaseangravity modeltrade
collection DOAJ
language English
format Article
sources DOAJ
author Arjun SINGH
Dr. S.P. PADHI
spellingShingle Arjun SINGH
Dr. S.P. PADHI
India and trade blocs: A gravity model analysis
Theoretical and Applied Economics
eu
nafta
economic integration
asean
gravity model
trade
author_facet Arjun SINGH
Dr. S.P. PADHI
author_sort Arjun SINGH
title India and trade blocs: A gravity model analysis
title_short India and trade blocs: A gravity model analysis
title_full India and trade blocs: A gravity model analysis
title_fullStr India and trade blocs: A gravity model analysis
title_full_unstemmed India and trade blocs: A gravity model analysis
title_sort india and trade blocs: a gravity model analysis
publisher General Association of Economists from Romania
series Theoretical and Applied Economics
issn 1841-8678
1844-0029
publishDate 2020-12-01
description This paper analyses the trading relationship of India with major trade blocs which includes EU, NAFTA and ASEAN weather the trade flow indeed affected by the GDP (Income), Distance, tariff and per capita GDP by using gravity model on the panel data from the period of 1991 to 2017. The panel data is examined by the Multi-level mixed effect model with linear regression and ML method of estimation is used for estimating the model. The study will attempt to examine the trade bloc which has significant trade with India as per the gravity model is a concern. The study found that the distance negatively affecting the trade flow for EU and NAFTA which is as per theoretically expectations while in case of ASEAN its positively affecting the trade flow which is not as per theoretical expectations, However the coefficient is not significant. GDP is negatively and insignificantly affecting the trade flow between India and ASEAN and NAFTA whereas GDP is negatively and significantly affecting the trade flow between India and EU.
topic eu
nafta
economic integration
asean
gravity model
trade
url http://store.ectap.ro/articole/1504.pdf
work_keys_str_mv AT arjunsingh indiaandtradeblocsagravitymodelanalysis
AT drsppadhi indiaandtradeblocsagravitymodelanalysis
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