Global economic and financial crisis: India’s trade potential and future prospects

Prabir De ()
Additional contact information
Prabir De: Research and Information System for Developing Countries (RIS)

No 6409, Working Papers from Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada.

Abstract: This paper estimates the trade potential for India using the augmented gravity model and then attempts to determine the importance of trade remedies. Based on panel data, this gravity model is the first-ever attempt to estimate India’s trade potential in the pre- and post- global economic and financial crisis period. The estimates of India’s global trade potential reveal that the magnitude of India’s trade potential is at its maximum in the Asia-Pacific region, followed by Africa and Latin America. Potential for expansion of trade in the post-crisis period is highest for countries such as China. However, in a large part of the world, India’s trade has remained unrealized, which provides further opportunities to expand despite the slowdown in global demand. There is a strong complementary role, as the findings of this paper indicate; i.e., tariff liberalization and trade facilitation, which taken together can help build export momentum in the crisis period.

Keywords: Financial crisis; India; gravity model (search for similar items in EconPapers)
JEL-codes: F1 (search for similar items in EconPapers)
Date: 2009-05
New Economics Papers: this item is included in nep-cwa
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in ARTNeT website

Downloads: (external link)
http://www.unescap.org/tid/artnet/pub/wp6409.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.unescap.org/tid/artnet/pub/wp6409.pdf [301 Moved Permanently]--> https://www.unescap.org/tid/artnet/pub/wp6409.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:esc:wpaper:6409

Access Statistics for this paper

More papers in Working Papers from Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada.
Bibliographic data for series maintained by Yann Duval ().