The Role of Regional Trade Agreements : in the Case of India |
Manoj Pant, Anusree Paul, |
Indian Institute of Foreign Trade, India Jawaharlal Nehru University, India |
Corresponding Author:
Anusree Paul ,Tel: 91-8390856012, Fax: 91-11-26717586, Email: anusree.paul@gmail.com |
Copyright ©2018 The Journal of Economic Integration |
ABSTRACT |
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A Regional Trade Agreements is expected to increase the intra-regional trade volume and welfare of countries. We argue that a formation of Regional Trade Agreements is an endogenous process in the case of India in the model incorporating both inter- and intraindustry trade. Our Results suggest that a Regional Trade Arrangement is encouraging trade only when the partner countries are already sharing great trade volume. For India, its engagements with the Association of Southeast Asian Nations and East Asia per se are unlikely to boost trade.
JEL Classification
C33: Models with Panel Data; Longitudinal Data; Spatial Time Series F14: Empirical Studies of Trade F55: International Institutional Arrangements |
Keywords:
Trade | Regional trade agreements | Political economy | Control function approach
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