Global Financial and Economic Crisis: Implications for Trade and Industrial Restructuring in South Asia

Prabir De and Chiranjib Neogi
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Prabir De: Asian Development Bank Institute
Chiranjib Neogi: Asian Development Bank Institute

No 294, ADBI Working Papers from Asian Development Bank Institute

Abstract: This study investigates the impact of global crisis shocks on India's trade and industry. The authors use panel data modeling and vector autoregression techniques to understand the dynamic effects of global crisis shocks on Indian industry and trade. Changes in trade composition are positively associated with changes in manufacturing composition in India, controlling for other variables. However, there is no strong indication that Indian industry has been severely harmed by the fall in demand in crisis-affected advanced economies such as the United States, the European Union, and Japan, holding other things constant.

Keywords: india trade industry; indian industry; india manufacturing sector; india external trade; global economic crisis (search for similar items in EconPapers)
JEL-codes: F02 F13 F17 F42 F47 L60 L70 (search for similar items in EconPapers)
Pages: 78 pages
Date: 2011-07-08
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Citations: View citations in EconPapers (2)

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