Economic Studies - Research Publications

Permanent URI for this collectionhttps://kr.cup.edu.in/handle/32116/141

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    India’s Trade with Central Asia: Trends and Prospects
    (IACD- Institute of Asian Culture and Development, 2011) Kaur, Sandeep
    Although the countries of Central Asia have been integrated in the global economy, their economic relations with India have been declined significantly. India’s BOT with all Central Asian countries (except Uzbekistan) had been favourable during 1993- 2009. Indian exports as well as imports from Central Asia are highly concentrated around few commodities during same period. Moreover, the Central Asia’s role in selected Indian exports as well as imports was not so strong and in fact negligible. There has been found very low trade of India with Central Asian countries. This is due to many reasons but lack of economic and financial sector reforms in some of these countries is one of the basic reasons. The other factors of this low trade are lack of direct transport links, poor infrastructure, inadequate banking facilities and tax structure, competition by Russia, China and USA etc. India can increase trade relations with Central Asia and also can play a multi- dimensional role in the development of these former Soviet Republics. Recently these economies have grown up; therefore good economic relations of India with Central Asia can boost their trade.
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    Determinants of Export Services of USA with its Asian Partners: A Panel Data Analysis
    (Ala-Too International University, Bishkek, 2011) Kaur, Sandeep
    Trade in services has accounted for 20 per cent of global trade. Despite the increasing importance of services trade in global economy, there has been limited research on service trade which uses determinants driving such trade. The present paper has examined the export potential in service sector of USA with its Asian trade partners (Japan, China, India, Singapore, South Korea and Hong Kong) by taking into account geographic, economic and other features. The approach is based on gravity model, widely used to analyze trade in goods and has more recently been applied to service sector. Being a nature of study is of panel data i.e. for 9 years (2000-2008) and six cross sections, the study used panel data methodology. The study revealed that USA has export potential in services for India and Japan. Regarding the convergent and divergent economies, USA had convergence in exports with three Asian countries (Hong Kong, India and Korea) and divergence with three Asian countries (Japan, China and Singapore). There is a large scope for export expansion for Hong Kong, India and Korea.