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...
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General Association of Economists from Romania
2020-12-01
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doaj-b8e3d94478c14849940798420533cf9d2021-01-07T11:13:14ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292020-12-01XXVII419521618418678Testifying the role of regulatory environment in trade facilitation: Impact on intra-regional trade in South-AsiaTanya GANDHI0Shahid AHMED1 Jamia Millia Islamia, New Delhi, India Jamia Millia Islamia, New Delhi, India 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. http://store.ectap.ro/articole/1503.pdf trade facilitationregulationssouth-asiaaugmented panel gravity modeltrade potentialsimulations |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Tanya GANDHI Shahid AHMED |
spellingShingle |
Tanya GANDHI Shahid AHMED Testifying the role of regulatory environment in trade facilitation: Impact on intra-regional trade in South-Asia Theoretical and Applied Economics trade facilitation regulations south-asia augmented panel gravity model trade potential simulations |
author_facet |
Tanya GANDHI Shahid AHMED |
author_sort |
Tanya GANDHI |
title |
Testifying the role of regulatory environment in trade facilitation: Impact on intra-regional trade in South-Asia |
title_short |
Testifying the role of regulatory environment in trade facilitation: Impact on intra-regional trade in South-Asia |
title_full |
Testifying the role of regulatory environment in trade facilitation: Impact on intra-regional trade in South-Asia |
title_fullStr |
Testifying the role of regulatory environment in trade facilitation: Impact on intra-regional trade in South-Asia |
title_full_unstemmed |
Testifying the role of regulatory environment in trade facilitation: Impact on intra-regional trade in South-Asia |
title_sort |
testifying the role of regulatory environment in trade facilitation: impact on intra-regional trade in south-asia |
publisher |
General Association of Economists from Romania |
series |
Theoretical and Applied Economics |
issn |
1841-8678 1844-0029 |
publishDate |
2020-12-01 |
description |
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. |
topic |
trade facilitation regulations south-asia augmented panel gravity model trade potential simulations |
url |
http://store.ectap.ro/articole/1503.pdf
|
work_keys_str_mv |
AT tanyagandhi testifyingtheroleofregulatoryenvironmentintradefacilitationimpactonintraregionaltradeinsouthasia AT shahidahmed testifyingtheroleofregulatoryenvironmentintradefacilitationimpactonintraregionaltradeinsouthasia |
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1724346650676166656 |