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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)
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Authors
Dhanashree Tatkare,Pragneshkumar Vasava
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Keywords
RTA; free trade; regional trade; FTA; PTA; trade agreements; export efficiency; gravity model;
Abstract
The gravity model is used in this study to assess the impact of selected RTAs on India's export from 2017 to 2021. The goal of this paper was to examine the impact of regional trade agreements on Indian exports using gravity variables. Regional trade agreements serves as a catalyst for the reduction of tariff and non-tariff barriers, thereby increasing trade between partners and leveraging common complementary sectors.
The empirical findings suggest that the number of regional trade agreements has steadily increased over the last two decades and the coefficients obtained in findings have significant positive impact on India's total export value and India's trading partners market size also has a significant positive impact on India's total export value. The findings show that COMCOL and CONTING factors are ambiguously related to RTAs, but Language was found to be negatively related to RTA production.
All other agreements, with the exception of CECPA and Chile, are statistically significant, demonstrating that RTAs improve India's technical export efficiency. The statistical significance of ASEAN agreements is 40%, while SAFTA and APTA are 43% and 70%, respectively.
And at 10% and 21% respectively, the India-Sri Lanka Free Trade Agreement (FTA) and the CECA are statistically significant. Our findings may aid in better understanding the function of various gravitational factors in the formation of regional trade agreements.
IJCRT's Publication Details
Unique Identification Number - IJCRT2303058
Paper ID - 231958
Author type - Indian Author
Page Number(s) - a480-a495
Pubished in - Volume 11 | Issue 3 | March 2023
DOI (Digital Object Identifier) -
No Of Downloads - 139
Author Country - India, 400703, Vashi, Navi Mumbai, Vashi, Navi Mumbai, 400703, Management All
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Dhanashree Tatkare,Pragneshkumar Vasava, "IMPACT OF REGIONAL TRADE AGREEMENT OF INDIAN EXPORT", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.11, Issue 3, pp.a480-a495, March 2023, Available at :http://www.ijcrt.org/papers/IJCRT2303058.pdf
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