Economic Studies - Research Publications
Permanent URI for this collectionhttps://kr.cup.edu.in/handle/32116/141
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Item Changing structure of India�s exports with Africa: Where do the technology-intensive exports stand?(Routledge, 2023-07-25T00:00:00) Fayaz, Mohd; Kaur, SandeepThe present study is an endeavour to document the pattern of comparative advantage and structural changes of Indian exports with Africa with the help of revealed comparative advantage index and the constant market share model for the period 1980�2021. The results indicate that India possesses a comparative advantage in a large number of export products to markets in Africa. However, most of these exports belong to the category of low-tech and resource-based goods. Considering its abundant labour, it is to be expected for India to have a comparative advantage in these low-skilled and labour-intensive traditional exports. The commodities with maximum advantage in the African market are medicinal and pharmaceutical products followed by sugar, sugar preparations, and honey. In the category of technology-intensive products, India has strengthened its market power only in the export of organic chemicals and dyes, and colouring materials. � 2023 African Journal of Science, Technology, Innovation and Development.Item India�s Merchandise Exports to Asia: A Constant Market Share Analysis(Sage Publications India Pvt. Ltd, 2022-02-08T00:00:00) Fayaz, Mohd; Kaur, SandeepThe present study attempts to examine the structural changes in Indian merchandise exports to Asia during the period 1980�2016 by using Constant Market Share (CMS) analysis. The index values of the CMS analysis suggest that India has mostly maintained and strengthened its export market share primarily in resource-based and low tech/labour-intensive products. Major technology-intensive exports include organic chemicals and dyes and colouring materials to all its export destinations in Asia. The market effect result shows a positive impact on India�s export performance which suggests that India has diversified its exports to South Asia, Southeast Asia and West and Central Asia. However, market adaptation effect result shows negative impact in East Asian market which means that India is lacking in adapting the import structure of this market. JEL Codes: F1, F14, F43, L6, O53 � 2022 Indian Institute of Foreign Trade.Item Trends , Patterns and Determinants of Indian Current Account Deficit(Euro-American Association of Economic Development Studies, 2016) Fayaz, Mohd; Bhatia, Sandeep KaurIndia’s current account experience deteriorated due to its large dependence on imports and un-competitiveness of exports. The relation between external and internal balances, with deficit in specific, deserves significant attention. Thus to understand the factors influencing current account is important for better designing the policies aiming at sustainable Current Account Deficit (CAD). In this direction, the present study is an endeavour to enrich the existing literature on the trends, patterns and determinants of current account deficit in India since 1996. The study adopts Johansen Cointegration approach to identify long-run relationship and uses Vector Error Correction Model (VECM) to identify short-run relationship. The results of Johansen Cointegration test indicates the existence of long-run equilibrium relationship between the current account and the variables of interest, implying that India’s current account is influenced by these factors. On the basis of the empirical results, study concluded that continuously increasing Net Foreign Assets (NFAs) will lead to the betterment of the current account while, increase in imports encompassing exchange rate deterioration will keep on mounting pressure on CAD of India.