Testifying the role of regulatory environment in trade facilitation: Impact on intra-regional trade in South-Asia
The intraregional trade in South-Asia region is only 6.1 percent of its total trade due to a number of factors, including Regulatory environment governing international trade. This study examines the impact of trade facilitation in Regulatory environment on bilateral exports within the region. A pan...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2020-12-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1503.pdf
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| Summary: | The intraregional trade in South-Asia region is only 6.1 percent of its total trade due to
a number of factors, including Regulatory environment governing international trade. This study
examines the impact of trade facilitation in Regulatory environment on bilateral exports within the
region. A panel gravity model augmented with a self-composed index for Regulatory environment
for both exporting and importing countries in South-Asia is estimated. It reveals that enhanced
regulatory environment of importing country impacts intra-regional trade positively whereas, that
of the exporting country impacts the same negatively. The estimates of trade potential within the
region are significantly encouraging. The simulations’ results reveal that by making collective
efforts in trade facilitation in regulatory environment, the intra-regional exports could increase
tremendously in a range of scenarios which could not be achieved even by phasing out of tariffs
within the region. |
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| ISSN: | 1841-8678 1844-0029 |