Export Potential of Climate Smart Goods in India: Evidence from the Poisson Pseudo Maximum Likelihood Estimator

ABSTRACT

This article highlights the per capita GDP of the exporter country and GDP of the importer country as major positive determinants of CSGs exports in India using the gravity model of trade. Besides, it is found that India has export potential in CSGs with Russia, Switzerland, Israel, Egypt, China, Mexico, Pakistan, Thailand, the Philippines, South Korea, France, Japan, Oman, Belgium, and Malaysia. The findings suggest that India can take advantage of climate variability by exporting CSGs to the world which will contribute to its economic growth and strengthen its adaptability potential to deal with the increasingly adverse effects of climate change.

KEYWORDS:

• Export potential
• climate smart goods
• gravity model
• Poisson pseudo maximum likelihood
• India

Disclosure statement

No potential conflict of interest was reported by the authors.

Supplementary material

Supplemental data for this article can be accessed on the publisher’s website.

Notes

¹ Mexico, China, and Brazil are the important producers of clean energy technologies, and these countries are mostly net importers of environmental products (World Bank 2008).

² For more details, refer to Jha (2008).

³ Mexico and Brazil produce clean energy technologies (World Bank 2008).

⁴ The appendix can be found online at www.tandfonline.com/uitj.

⁵ Please see UNESCAP (2011) for more details.