The empirical limits of this study lie in investigating the nexus between trade openness, institutional quality and economic growth in emerging BRICS countries. Having nascent institutions, the study aims to analyse their role in determining the trade–growth relationship. Using endogeneity expunging GMM technique, the empirical evidence shows—first, imports play a crucial part in augmenting growth

Trade in services has made phenomenal strides in the globalisation era with the advent of a technology revolution, fragmentation in production processes and rapid digitisation. The case of India has been exemplary, as she bypasses her sluggish growth in goods exports to emerge as a world leader in commercial services. By churning out positive net exports since 2003, this trade sector has considerably

This article develops a static three-sector and five-factor competitive general equilibrium model of a small open economy: sector 1 is the rural agricultural sector, which produces products using informal or unorganised unskilled labour and land as inputs; sector 2 is the urban manufacturing, final-goods-producing sector that produces products with the help of unskilled labour, who get unionised wages

International trade agreements are incomplete contracts. The international environment is non-stationary, and technological progress affects both the nature of services and modes of service delivery. This creates uncertainty about future developments in technology-based services. In the presence of transactions costs and due to limited foresight, it is difficult to specify all contingencies within

The aim of this article is to examine export determinants of Ethiopian coffee to 31 trade partner countries using a dynamic gravity model and system generalised moment method of estimation (GMM) for the period 1998–2016. Descriptive results showed that Ethiopia was exporting only 39% of its total coffee production, and 53.5% and 34.13% of Ethiopian coffee exports were directed to European and Asian

Xu Qian, Water Services Disputes in International Arbitration: Reconsidering the Nexus of Investment Protection, Environment, and Human Rights. The Netherlands: Kluwer Law International BV, 2020, xiv+280 pp., GBP 156.51. ISBN 978-94-035-2203-6.

Liberal trade regimes could help improve food productivity if environmental concerns such as adverse weather conditions that affect agriculture are addressed. This issue has not received adequate empirical scrutiny as linear models dominate extant literature. In this article, we check whether accounting for trade and climate change asymmetries is important in explaining food productivity in Nigeria

This article investigates the dynamics of export diversification, economic complexity and economic growth cycles. By applying several econometric techniques for estimating a panel data set of 70 economies over the period from 1996 to 2014, the results have been threefold. First, there is Granger bi-directional causality between economic complexity and export diversification, while unidirectional Granger

The objective of this paper is to examine the effect of trade openness on employment in Cameroon. The methodologies used in order to test our hypothesis were the FMOLS and DOLS. The results of the estimations show a positive and significant effect of trade openness on employment in Cameroon with both methods. Indeed, industrialisation and investments were found to significantly increase employment

The COVID pandemic seems to have raised the question, ‘whether existing supply chain (SC) disruption philosophies and strategies continue to remain valid?’. This article assesses the differences in the business scenarios pre-and post-COVID. The authors capture the mathematical and operational relationships amongst the relevant factors and propose a System Dynamics (SD) model to carry out the simulations

Applying an asymmetric model, the study reported no evidence of J-curve phenomenon in case of India. In the short-run currency appreciation deteriorates the trade balance and currency depreciation improves it. In the long-run, again the similar response is observed, however, only the impact of currency depreciation is statistically significant. Increase in domestic demand deteriorates the trade balance

This paper evaluates the performance of Free Trade Agreements (FTAs) by analysing the determinants of trade flows of Asian economies for a panel of 31 countries during 2007–2014 using a Gravity model. The estimated results suggest that certain FTAs negatively contribute to trade flows across the region and, that GDP and population, among other factors, can explain total trade flows. This study also

Commitment of South Asian Free Trade Agreement (SAFTA) from South Asian Preferential Trading Agreement (SAPTA) for trade liberalisation was one of the hopes in South Asia. This article highlights untapped trade potential in agro-trade between India and its trading partners in South Asia through Trade Potential Index (TPI). This article evaluates post-SAFTA effects of non-tariff measures (NTMs) on agro-products

This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004–2011 and Generalised Method of Moments. The following findings are established. First, whereas marginal effects from financial

India shares its majority of international trade with the United States of America. But a huge amount of discrepancy is frequently observed in the recorded bilateral trade statistics between these two countries. The main reasons are caused by several restrictions prevailing on the account of international trade in India. Export is found to be under-reported consistently whereas import data shows both

There is a growing body of evidence that the global supply chain’s efficiency and performance crucially influences the results of organisations (Brandenburg, 2016; Closs & Mollenkopf, 2004). Baldwin (2012) extensively discussed the significance, evolving transition and continuing importance of global supply chains. The drivers behind the growing interests of global supply chains have emerged as major

This article examines the effect of disruptive event, namely recession, on supply base management (measured by supply base size) by using a large and longitudinal dataset on Indian manufacturing firms. It is found that the buyer firms have increased their supply base size at the annual rate of 8.23 suppliers per year per manufacturer during the pre-recession (2004–2007) period. The strategy of having

This paper evaluates the effect of infrastructure and logistics performance on economic performance. In addition, the mediating role of international trade on the relationship between infrastructure and economic performance, and logistics performance and economic performance, respectively. Generalized Structured Component Analysis (GSCA) was proposed as a Component-Based Approach to Structural Equation

Julien Chaisse (Ed.), Sixty Years of European Integration and Global Power Shifts: Perceptions, Interactions and Lessons. Oxford: Hart Publishing, 2020, £91.80, 520 pp., ISBN: 9781509933747.

Arpita Mukherjee‚ Divya Satija‚ Angana Parashar Sarma‚ Soham Sinha‚ Brahma Chauhan and Raj Kumar Shahi, Streamlining Food Imports for Trade Facilitation and Ease of Doing Business in India, Academic Foundation is association with Indian Council for Research on International Economic Relations (ICRIER), 2019, US$99, 130 pp., ISBN: 9789332705159.

The world today is facing a major challenge in adjusting to the adverse effects of the Coronavirus (COVID-19) spread. Meeting the demand for several key drugs and preventive medical supplies has emerged as major concern in many countries. India has over the years consolidated its position as a major producer and exporter of not only bulk drugs and formulations but also other medical provisions and

The decarbonization of the energy system requires the adoption of a mix of zero or low carbon intensive technological options, which depends on their cost-effectiveness, their potential to reduce emissions and on social acceptance issues. Transport electrification combined with renewable energy sources (RES) deployment in power generation is a key decarbonization option assessed in many recent studies

Imported intermediate inputs, that is, parts and materials sourced from abroad and used to make products either consumed domestically or in producing exported goods are a growing force in world trade. We test for the relative effect of imported intermediate inputs and domestic inputs in promoting foreign exports and various forms of domestic sales, using firm-level survey data. Imported intermediate

Like many developing economies, services have emerged as crucial economic activities in South Asia; yet, this cannot increase the rapid growth in the intra-trade in the region. To find out the service trade potential in the region, this article uses revealed comparative advantage indices to assess the comparative advantage and the indicative trade potential of different South Asian countries in various

Since the outbreak of the Syrian crisis in March 2011, the USA, European Union, Arab League and several other regulatory entities imposed negative economic sanctions on Syria—some of the most comprehensive ever implemented. This article first provides an assessment of Syrian foreign trade sector during the reform period of the 2000s and its impact on economic growth. Second, it estimates the impact

The European Monetary Union (EMU) crisis holds special lessons for existing monetary unions. We assess the behaviour of real effective exchange rates (REERs) of members of the Central African Economic and Monetary Community zone with respect to their long-term equilibrium paths. A reduced form of the fundamental equilibrium exchange rate model is estimated for associated misalignments. Our findings

Globally, strong innovation, institutional and policy reforms have spurred myriads of issues transcending boundaries of various disciplines-natural science, social science, economics—causing paradigmatic shift. Globalisation has led to the emergence of a plethora of channels via which the effects are transmitted across the participants—developed and less developed nations (LDCs). There are multiple

Using a hybrid of the Heckscher–Ohlin model and specific factor model of trade, this article considers the phenomenon of FDI inflows only in the exportable sector of developing economies. We investigate the impact of such capital flow on factor prices and the real exchange rate (RER) in the host country. Our results indicate that the exportable production expands while both the non-traded good production

This study is an appraisal of North–South trade and environmental debate on the context of ‘carbon leakage hypothesis’. This article attempts to quantify the CO2 emissions embodied in the bilateral trade between India and the United Kingdom (hereafter mentioned as the UK) using an input–output model-based analysis for the year 2015. It further proposes a hypothetical situation of no trade between India

Decades after the trade liberalisation policy shift, poor performance problem of non-oil export in Nigeria (a net-oil exporting economy) persists. Against this backdrop, and given the lack of analytical depth among Nigerian-specific studies, this study empirically provided answer to the question of whether trade liberalisation policy enhances non-oil export trade in Nigeria. The study adopted an Autoregressive

Thousands of economists spread across almost every country use the GTAP model to analyse trade policies including trade wars and trade agreements. GTAP has an impressive regional coverage (140 countries), but the standard commodity coverage (57 commodities/industries) can cause frustration when tariffs on narrowly defined products are being negotiated. This article sets out a method for disaggregating

The paper analyses some selective aspects of economic crises, namely skilled-sector recession, reversed international migration of labour and decline in foreign capital inflow on the informal sector employment and wage rate in developing economies and seeks to explain the non-monotonic effect on the informal sector both across nations and within nation across sectors. In so doing, we develop three-sector

In recent years, sections of Indian industry have complained that they are being harmed by an inverted duty structure (IDS). That is, tariffs on their imported inputs are higher than that on their outputs. In this article, we argue that the concept of effective rate of protection (ERP), despite its limitations