A Single Measure of Overall Export Performance

Satyendra Nath Chakrabartty and Deepankar Sinha
Additional contact information
Satyendra Nath Chakrabartty: Satyendra Chakrabartty (corresponding author) is a Former Director, Indian Maritime University, Kolkata Campus, Kolkata, and a Consultant, Indian Ports Association, New Delhi, India.
Deepankar Sinha: Deepankar Sinha is a Professor, Indian Institute of Foreign Trade, Kolkata Campus, Kolkata, India. E-mails: dsinha2000@gmail.com; dsinha@iift.edu

Margin: The Journal of Applied Economic Research, 2022, vol. 16, issue 3-4, 278-308

Abstract: Exports are a lifeline to a country’s growth, and an overall index can describe its export performance. However, there is little evidence of a single measure encompassing all the relevant aspects of exports. A composite and multi-dimensional measure can aid in assessing the relative position of a country in the world list and identifies necessary policy interventions. The article proposes an Overall Export Performance Index that satisfies the principles of index formation—monotonicity, time reversal, robustness and an unbiased approach. The proposed index avoids selecting weights and scaling variables. It facilitates the identification of crucial indicators requiring the attention of policymakers, tracking the progress of a country across time and the computing of mean and variance of the index for a group of countries at a given time. An empirical comparison of the USA and India reveals that India registered better overall export performance than the USA from 2015 to 2018. The results suggest India’s need for reforms in existing foreign trade policies. JEL Codes: F1, F10, F13

Keywords: Overall-export-performance-index (OEPI); Export Performance; Geometric Mean; Non-parametric; Monotonic; Cosine Similarity (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/09738010231153057 (text/html)

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:sae:mareco:v:16:y:2022:i:3-4:p:278-308

DOI: 10.1177/09738010231153057

Access Statistics for this article

More articles in Margin: The Journal of Applied Economic Research from National Council of Applied Economic Research
Bibliographic data for series maintained by SAGE Publications ().