India's trade linkage with BRCS: An econometric study
Mr. Nassir Ul Haq Wani,
Dr. Jasdeep Kaur Dhami and
Dr. Neeru Sidana
Authors registered in the RePEc Author Service: Nassir ul Haq Wani () and
Nassir Ul Haq Wani, Dr. ()
MPRA Paper from University Library of Munich, Germany
India has put stress on enhancing trade relations with BRCS (Brazil, Russia, China and South Africa) economies, from the recent past. As a result India’s export to BRCS’s economies has been momentous. From the modeling exercise of this paper, the price and import elasticities of export flows attract a great deal of attention because of its significant implications on India’s export earnings from BRCS. Time series data ranging from 2000-2014 has been taken into consideration and to avoid non-stationarity issue on their level, DF and ADF test have been applied at level and first difference. In connection to the model results, Phillips-Hansen’s Fully Modified (FM) Method has been employed to get the estimated value of price and import elasticity of export demand for India. The results advocate that India’s export are appreciably prejudiced by BRCS economic growth and are very price competitive in the BRCS market. In other words, the depreciation of Indian rupee will be helpful for expanding India’s exports to BRCS.
Keywords: BRCS; DF; ADF; FM and India. (search for similar items in EconPapers)
JEL-codes: F1 F14 F18 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int
Date: 2016-11-10, Revised 2017-03-18
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/81949/1/MPRA_paper_81949.pdf original version (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:81949
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().