 South Asia: Multilateral trade agreements and untapped regional trade integrationRakesh Kumar International Journal of Finance & Economics, 2021, vol. 26, issue 2, 2891-2903 Abstract: This paper presents the facts on existing and future prospects of regional trade integration in South Asia in the backdrop of multilateral trade agreements. The study applies trade intensity index of four largest South Asian countries (India, Bangladesh, Pakistan, and Sri Lanka) to estimates the short‐ and long‐run trade co‐integration in autoregressive multilateral framework. The results highlights that long‐run trade complementarities are found between the trade of Pakistan and Sri Lanka, while short‐run trade complementarities exist between India and Bangladesh, and between India and Sri Lanka. Pakistan and Bangladesh are found close trade competitors in South Asia in short run. The findings are important for policy implication which highlights how to bridge the untapped regional trade integration in South Asia. If trade barriers are overcome, the greater degree of trade openness can play vital role in achieving balanced regional economic development. India being the largest economy can play key role in striving the South Asian Association for Regional Cooperation (SAARC) process for pursuing its objectives. Date: 2021 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:wly:ijfiec:v:26:y:2021:i:2:p:2891-2903 Ordering information: This journal article can be ordered from Access Statistics for this article International Journal of Finance & Economics is currently edited by Mark P. Taylor, Keith Cuthbertson and Michael P. Dooley More articles in International Journal of Finance & Economics from John Wiley & Sons, Ltd. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.