Impact of regional trade agreements on export efficiency – A case study of India

References

• PHD Report. 2018. Trade & Investment Facilitation Services.PHD Chamber of Commerce & Industry. PHD Report, available at: http://www.phdcci.in/live_backup/image/data/Research%20Bureau-2014/TIFS-2018/TIFSJulyandAugust2018.pdf
   Google Scholar
• Ahmadzai, H. (2017). Crop diversification and technical efficiency in Afghanistan: Stochastic frontier analysis. The University of Nottingham, Centre for Research in Economic Development and International Trade (CREDIT), Nottingham, Paper No. 17/04.
   Google Scholar
• Aigner, D., Lovell, C. K., & Schmidt, P. (1977). Formulation and estimation of stochastic frontier production function models. Journal of Econometrics, 6(1), 21–17. https://doi.org/10.1016/0304-4076(77)90052-5
   Google Scholar
• Atif, R. M., Haiyun, L., & Mahmood, H. (2017). Pakistan’s agricultural exports, determinants and its potential: An application of stochastic frontier gravity model. The Journal of International Trade & Economic Development, 26(3), 257–276. https://doi.org/10.1080/09638199.2016.1243724
   Web of Science ®Google Scholar
• Atif, R. M., Mahmood, H., Haiyun, L., & Mao, H. (2019). Determinants and efficiency of Pakistan’s chemical products’ exports: An application of stochastic frontier gravity mo del. PloS One, 14(5), e0217210. https://doi.org/10.1371/journal.pone.0217210
   PubMed Web of Science ®Google Scholar
• Baldwin, R., & Taglioni, D. (2006). Gravity for dummies and dummies for gravity equations. NBER Working Paper No. 12516.
   Google Scholar
• Bartesaghi I. (2019). India’s relations with MERCOSUR-A weak trade relationship with great trade potential. Extraordinary and Plenipotentiary Diplomatist 7(9), available at: https://ucu.edu.uy/sites/default/files/facultad/fce/dnii/03_ignacio_bartesaghi.pdf
   Google Scholar
• Battese, G. E., & Coelli, T. J. (1995). A model for technical inefficiency effects in a stochastic frontier production function for panel data. Empirical Economics, 20(2), 325–332. https://doi.org/10.1007/BF01205442
   Google Scholar
• BCG Report. (2019).Going for gold by creating customers who create customers. https://media-publications.bcg.com/pdf/Going-for-Gold-By-creating-customers-who-create-customers.pdf
   Google Scholar
• Belotti, F., Daidone, S., Ilardi, G., & Atella, V. (2013). Stochastic frontier analysis using Stata. The Stata Journal, 13(4), 719–758. https://doi.org/10.1177/1536867X1301300404
   Web of Science ®Google Scholar
• Bergstrand, J. H. (1985). The gravity equation in international trade: Some microeconomic foundations and empirical evidence. The review of economics and statistics ,671, 474–481.
   Web of Science ®Google Scholar
• Binh, P. T. (2013). Unit root tests, cointegration, ECM, VECM, and causality models. Topics in Time Series Econometrics.
   Google Scholar
• Boffa, M., Jansen, M., & Solleder, O. (2019). Do We Need Deeper Trade Agreements for GVCs or Just a BIT? The World Economy, 42(6), 1713–1739. https://doi.org/10.1111/twec.12766
   Google Scholar
• Carrère, C., Mrázová, M., & Neary, J. P. (2020). Gravity without apology: The science of elasticities, distance and trade. The Economic Journal, 130(628), 880–910. https://doi.org/10.1093/ej/ueaa034
   Web of Science ®Google Scholar
• Chakraborty, D., Chaisse, J., & Xu, Q. I. A. N. (2019). Is it finally time for India's free trade agreements? the ASEAN “Present” and the RCEP “Future”. Asian Journal of International Law, 9(2), 359–391.
   Web of Science ®Google Scholar
• Chaney, T. (2018). The gravity equation in international trade: An explanation. Journal of Political Economy, 126(1), 150–177. https://doi.org/10.1086/694292
   Web of Science ®Google Scholar
• Clarke, S., Akbari, M., & Far, S. M. (2017). Vietnam’s trade policy: A developing nation assessment. International Journal of Community Development and Management Studies, 1, 1. https://www.informingscience.org/Publications/3858?Source=%2FJournals%2FIJCDMS%2FArticles%3FVolume%3D0-0
   Google Scholar
• Das, J., Tanger, S. M., Kennedy, P. L., & Vlosky, R. P. (2018). Examining the Relationship between Regulatory Quality and Forest Product Exports to India: A Gravity Model Approach. Forest Products Journal, 68(2), 172–181. https://doi.org/10.13073/FPJ-D-17-00022
   Web of Science ®Google Scholar
• Dell’Ariccia, G. (1999). Exchange rate fluctuations and trade flows: Evidence from the European Union. IMF Staff Papers, 46(3), 315–334. https://doi.org/10.2307/3867646
   Google Scholar
• Doan, T. N., & Xing, Y. (2018). Trade efficiency, free trade agreements and rules of origin. Journal of Asian Economics, 55, 33–41. https://doi.org/10.1016/j.asieco.2017.12.007
   Web of Science ®Google Scholar
• Elliott, R. J., Horsewood, N. J., & Zhang, L. (2019). Importing exporters and exporting importers: A study of the decision of Chinese firms to engage in international trade. Review of International Economics, 27(1), 240–266. https://doi.org/10.1111/roie.12374
   Web of Science ®Google Scholar
• Fiorini, M., & Hoekman, B. (2018). Trade agreements, regulatory institutions and services liberalization. Global Policy, 9(4), 441–450. https://doi.org/10.1111/1758-5899.12583
   Web of Science ®Google Scholar
• Freckleton, M., & Whitely, P. (2020). Can trade agreements among small countries create trade? International Journal of Development Issues, 19(2), 205–216. https://doi.org/10.1108/IJDI-06-2019-0110
   Google Scholar
• Gharleghi, B., & Shafighi, N. (2020). Do regional trade agreements increase trade? Empirical evidence from the Asia–Pacific region. Economic Affairs, 40(3), 419–435. https://doi.org/10.1111/ecaf.12435
   Web of Science ®Google Scholar
• Ghosh, S., Lien, D., & Yamarik, S. (2017). Does the Confucius institute network impact cultural distance? A panel data analysis of cross‐border flows in and out of China. Asian Economic Journal, 31(3), 299–323. https://doi.org/10.1111/asej.12125
   Web of Science ®Google Scholar
• Ghoshal, I. (2015). Trade-growth relationship in India in the pre and post trade agreements regime. Procedia Economics and Finance, 30, 254–264. https://doi.org/10.1016/S2212-5671(15)01293-9
   Google Scholar
• Glaeser, E. L., & Kohlhase, J. E. (2004). Cities, regions and the decline of transport costs. Papers in Regional Science, 83, 197–228. Berlin, Heidelberg: Springer. https://doi.org/10.1007/s10110-003-0183-x
   Google Scholar
• Guloglu, B., & Bayar, G. (2016). Sectoral exports dynamics of Turkey: Evidence from panel data estimators. The Journal of International Trade & Economic Development, 25(7), 959–977. https://doi.org/10.1080/09638199.2016.1157886
   Web of Science ®Google Scholar
• Hartmann, D., Bezerra, M., Lodolo, B., & Pinheiro, F. L. (2020). International trade, development traps, and the core-periphery structure of income inequality. EconomiA, 21(2), 255–278. https://doi.org/10.1016/j.econ.2019.09.001
   Google Scholar
• Hassan, M. S., Wajid, A., & Kalim, R. (2017). Factors affecting trade deficit in Pakistan, India and Bangladesh. Economia Politica, 34(2), 283–304. https://doi.org/10.1007/s40888-017-0053-7
   Web of Science ®Google Scholar
• Jain, H. (2019). Implications of SAFTA for Indian Economy: Trade, Compatibility and Welfare Effects. Foreign Trade Review, 54(4), 355–374.
   Web of Science ®Google Scholar
• Jan, W. U., & Shah, M. (2019). A gravity model approach towards Pakistan’s bilateral trade with SAARC countries. Comparative Economic Research. Central and Eastern Europe, 22(4), 23–38. https://doi.org/10.2478/cer-2019-0030
   Web of Science ®Google Scholar
• Jiang, J., & Nguyen, T. (2021). Linear and generalized linear mixed models and their applications. Springer Nature.
   Google Scholar
• Kabir, M., Salim, R., & Al-Mawali, N. (2017). The gravity model and trade flows: Recent developments in econometric modeling and empirical evidence. Economic Analysis and Policy, 56, 60–71. https://doi.org/10.1016/j.eap.2017.08.005
   Web of Science ®Google Scholar
• Kalirajan, K. (1999). Stochastic varying coefficients gravity model: An application in trade analysis. Journal of Applied Statistics, 26(2), 185–193. https://doi.org/10.1080/02664769922520
   Web of Science ®Google Scholar
• Kalirajan, K. (2007). Regional cooperation and bilateral trade flows: An empirical measurement of resistance. The International Trade Journal, 21(2), 85–107. https://doi.org/10.1080/08853900701266555
   Google Scholar
• Khorana, S., & Martínez‐Zarzoso, I. (2020). Twenty‐First‐Century Trade Governance: Findings from the Commonwealth Countries. Contemporary Economic Policy, 38(2), 380–396. https://doi.org/10.1111/coep.12450
   Web of Science ®Google Scholar
• Kumar, S., & Kumar, S. (2015). Does modernization improve performance: Evidence from Indian police. European Journal of Law and Economics, 39(1), 57–77. https://doi.org/10.1007/s10657-013-9392-1
   Web of Science ®Google Scholar
• Kumar, S., & Prabhakar, P. (2017). India’s trade potential and free trade agreements: A stochastic frontier gravity approach. Global Economy Journal, 17(1), 1. https://doi.org/10.1515/gej-2016-0074
   Web of Science ®Google Scholar
• Laget, E., Osnago, A., Rocha, N., & Ruta, M. (2020). Deep trade agreements and global value chains. Review of Industrial Organization, 57(2), 379–410. https://doi.org/10.1007/s11151-020-09780-0
   Web of Science ®Google Scholar
• Lewis, L., & Monarch, R., (2016). Causes of the global trade slowdown. https://www.federalreserve.gov/econresdata/notes/ifdp-notes/2016/causes-of-the-global-trade-slowdown-20161110.html
   Google Scholar
• Liu, X. (2016). Trade agreements and economic growth. Southern Economic Journal, 82(4), 1374–1401. https://doi.org/10.1002/soej.12113
   Web of Science ®Google Scholar
• Maciejewski, M., & Wach, K. (2019). What determines export structure in the EU countries? The use of gravity model in international trade based on the panel data for the years 1995-2015. Journal of International Studies, 12(1), 1. https://doi.org/10.14254/2071-8330.2019/12-1/10
   Google Scholar
• Mahmood, H., & Alkhateeb, T. T. Y. (2018). Asymmetrical effects of real exchange rate on the money demand in Saudi Arabia: A non-linear ARDL approach. PloS One, 13(11), e0207598. https://doi.org/10.1371/journal.pone.0207598
   PubMed Web of Science ®Google Scholar
• Majeed, M. T., Yu, Z., Maqbool, A., Genie, M., Ullah, S., & Ahmad, W. (2021). The trade-off between economic growth and environmental quality: Does economic freedom asymmetric matter for Pakistan? In Environmental Science and Pollution Research (pp. 1–10). https://doi.org/10.1007/s11356-021-13709-9
   Google Scholar
• Malik, M. H., & Velan, N. (2020). An analysis of IT software and service exports from India. International Trade, Politics and Development.
   Google Scholar
• Meeusen, W., & van Den Broeck, J. (1977). Efficiency estimation from Cobb-Douglas production functions with composed error. International economic review, 18(2), 435–444. https://doi.org/10.2307/2525757
   Web of Science ®Google Scholar
• Miao, M., Lang, Q., Borojo, D. G., Yushi, J., & Zhang, X. (2020). The impacts of Chinese FDI and China–Africa trade on economic growth of African countries: The role of institutional quality. Economies, 8(3), 53. https://doi.org/10.3390/economies8030053
   Web of Science ®Google Scholar
• Mohanty, S., & Sethi, N. (2021). Does inward FDI lead to export performance in India? An empirical investigation. Global Business Review, 22(5), 1174–1189 .
   Google Scholar
• Morland, C., Schier, F., & Weimar, H. (2020). The structural gravity model and its implications on global forest product trade. Forests, 11(2), 178. https://doi.org/10.3390/f11020178
   Web of Science ®Google Scholar
• Nasir, S., & Kalirajan, K. (2016). Information and communication technology-enabled modern services export performances of Asian economies. Asian Development Review, 33(1), 1–27. https://doi.org/10.1162/ADEV_a_00059
   Google Scholar
• Ngepah, N., & Udeagha, M. C. (2018). African regional trade agreements and intra-African trade. Journal of Economic Integration, 33(1), 1176–1199. https://doi.org/10.11130/jei.2018.33.1.1176
   Web of Science ®Google Scholar
• Nguyen, T. T. V., & Trinh, T. T. D. (2019). The impact of exchange rate volatility on exports in Vietnam: A bounds testing approach. Journal of Risk and Financial Management, 12(6), 1–14. https://doi.org/10.3390/jrfm12010006
   Google Scholar
• Nguyen, V. (2020). Human capital, capital structure choice and firm profitability in developing countries: An empirical study in Vietnam. Accounting, 6(2), 127–136. https://doi.org/10.5267/j.ac.2019.11.003
   Google Scholar
• Nordås, H. K. (2018). What drives trade in services? Lessons from the Nordics. Applied Economics, 50(33), 3532–3545. https://doi.org/10.1080/00036846.2018.1430334
   Web of Science ®Google Scholar
• Osabuohien, E. S., Efobi, U. R., Odebiyi, J. T., Fayomi, O. O., & Salami, A. O. (2019). Bilateral trade performance in West Africa: A gravity model estimation. African Development Review, 31(1), 1–14. https://doi.org/10.1111/1467-8268.12359
   Web of Science ®Google Scholar
• Paudel, G. P., Devkota, M., Keil, A., & McDonald, A. J. (2020). Climate and landscape mediate patterns of low lentil productivity in Nepal. PloS One, 15(4), e0231377. https://doi.org/10.1371/journal.pone.0231377
   PubMed Web of Science ®Google Scholar
• Paul, B. R. (2017). Handbook on Negotiating Sustainable Development Provisions In Preferential Trade Agreements. United Nations publication, available at: https://www.unescap.org/sites/default/files/Handbook%20SD-PTA_final.pdf
   Google Scholar
• Rodrik, D. (2018). What do trade agreements really do? Journal of Economic Perspectives, 32(2), 73–90. https://doi.org/10.1257/jep.32.2.73
   Web of Science ®Google Scholar
• Saini, N., & Singhania, M. (2018). Determinants of FDI in developed and developing countries: A quantitative analysis using GMM. Journal of Economic Studies.
   Google Scholar
• Saraswat, V. K., Priya, P., & Ghosh, A. (2018). A note on free trade agreements and their costs. NITI Aayog, Government of India. https://niti.gov.in/writereaddata/files/document_publication/FTA-NITI-FINAL.pdf
   Google Scholar
• Sen, K. (2019). What explains the job creating potential of industrialization in the developing world? The Journal of Development Studies, 55(7), 1565–1583. https://doi.org/10.1080/00220388.2017.1404033
   Web of Science ®Google Scholar
• Shepherd, B., Doytchinova, H. S., & Kravchenko, A. (2019). The gravity model of international trade: A user guide [R version]. United Nations ESCAP.
   Google Scholar
• Siddiqui H. (2021). India-Mercosur expansion talks back on track, available at: https://www.financialexpress.com/defence/india-mercosur-expansion-talks-back-on-track/2329465/
   Google Scholar
• Takele, T. B. (2019). The relevance of coordinated regional trade logistics for the implementation of regional free trade area of Africa. Journal of Transport and Supply Chain Management, 13(1), 1–11. https://doi.org/10.4102/jtscm.v13i0.417
   Google Scholar
• Tinbergen, J. (1962). Shaping the world economy; suggestions for an international economic policy. New York: Twentieth Century Fund.
   Google Scholar
• UNCTAD. 2015. Reforming International Investment Governance, available at: https://unctad.org/system/files/official-document/wir2015_en.pdf
   Google Scholar
• Venkatesh, M., & Grover, P. 2018. Behind Rupee meltdown: India’s exports disaster under Modi Govt, The Print,available at: https://theprint.in/economy/behind-rupee-meltdown-indias-exports-disaster-under-modi-govt/131660
   Google Scholar
• Venkatraja, B. (2018). Sensitivity of trade balance to exchange rate depreciation: Evidence from indo-US Bilateral trade. Asian Economic and Financial Review, 8(5), 691–703. https://doi.org/10.18488/journal.aefr.2018.85.691.703
   Google Scholar
• Verma, M. S., & Dhami, J. K. (2021). Trade Potential Of India With Mercosur Countries Using Revealed Comparative Index Method. Journal of Contemporary Issues in Business and Government 27(1).
   Google Scholar
• Wang, H. J., & Schmidt, P. (2002). One-step and two-step estimation of the effects of exogenous variables on technical efficiency levels. Journal of Productivity Analysis, 18(2), 129–144. https://doi.org/10.1023/A:1016565719882
   Web of Science ®Google Scholar
• Zhu, S., & Fu, X. (2013). Drivers of export upgrading. World Development, 51, 221–233. https://doi.org/10.1016/j.worlddev.2013.05.017
   Web of Science ®Google Scholar
• Žmuk, B., & Jošić, H. (2021). Investigating the impact of GDP and distance variables in the gravity model using sign and rank tests. Eastern Journal of European Studies, 12(1), 1. https://doi.org/10.47743/ejes-2021-0101
   Web of Science ®Google Scholar