TRADE, INVESTMENT AND ECONOMIC GROWTH: Issues for India and Emerging Economies

Book Details

• Publisher: Springer

• Authors/Editors: Pooja Lakhanpal, Jaydeep Mukherjee, Biswajit Nag, Divya Tuteja

• Language: English

• Binding: Hardcover

• Number of Pages: 422

• Release Date: 2024

• ISBN: 9789819974788

About the Book

This book contributes to the expanding body of literature on empirical and policy issues in international trade, foreign capital flows, and finance, with a particular focus on implications for India and emerging economies. It explores the trade and development interface, analyzing sector-level growth and development in India, with a strong emphasis on policy aspects. The book examines the role of these elements in fostering economic development in India and other emerging market economies, discussing the significant role of policy in addressing challenges in these regions.

The volume employs advanced techniques such as gravity models, panel co-integration, generalized hyperbolic distributions, SEM, FMOLS, and Probit models to analyze key issues. Each chapter is complemented by a thorough literature review, data availability discussions, and a theoretical background, making this an important contribution to the literature on trade, capital flows, and growth.

The book is intended for those interested in contemporary issues in trade, finance, and growth, as well as students of advanced econometrics, providing both theoretical insights and practical, empirical analyses.

Contents

International Trade: Empirical and Policy Issues

1. Empirical Estimates of Inverted Duty Structure and Effective Rate of Protection—The Case of India – K. Pathania

2. Does the Past Performance in Home Market Affect Export Participation of New Exporters? Evidence from Indian Firms – Priyanta Ghosh, Aparna Sawhney

3. Indo-African Trade: A Gravity Model Approach – Vaishnavi Sharma, Akhilesh Mishra

4. The Validity of J-Curve: India Versus BRICS Countries: A Panel Cointegration Approach – Ganapati Mendali

5. Trade Costs Between India and ASEAN: A Gravity Framework – D. Nagraj, I. Ghosh

6. Dynamics of ICT Penetration and Trade: Evidence from Major Trading Nations – Areej Aftab Siddiqui, Parul Singh

Foreign Capital Flows and Issues in Finance
7. Macroeconomic Factors Affecting FDI Inflows into Emerging Economies—A Panel Study – Ghoshal, S. Jog, U. Sinha, I. Ghosh
8. The Pattern of Inbound Foreign Direct Investment into India – A. Sawhney, R. Rastogi
9. Sustainability of India’s Current Account Deficit: Role of Remittance Inflows and Software Services Exports – Aneesha Chitgupi
10. Green-Field Versus Merger and Acquisition: Role of FDI in Economic Growth of South Asia – S. Chaudhury, N. Nanda, B. Tyagi
11. Risk Modeling by Coherent Measure Using Family of Generalized Hyperbolic Distributions – Prabir Kumar Das
12. Impact of Macroeconomic Variables on Stock Market—An Empirical Study – K. Dhingra, S. Kapil

Trade and Development Interface: Implications for India and Emerging Economies
13. India’s Trade-Sensitive Employment: A Comprehensive Firm-Level Analysis – B. Nag, S. Khurana
14. Trade Liberalization and Poverty Alleviation in Nigeria: The Complementary Role of Institutions – Muftau Olaiya Olarinde, A. A. Bello
15. Trade Liberalization, Growth and Poverty: Empirical Analysis for India – M. Pant, N. Dhamija
16. An Analysis of Labour-Intensive Exports to USA: Unlocking India’s Potential – Vijaya Katti
17. UNECE Agreements on Harmonization of Vehicle Standards and India: Empirical Results and Policy Implications – D. Chakraborty, B. Nag

Analysis of Sector Level Growth and Development in India
18. Is ‘Make in India’ A Success? A Review from the Electronics Sector in India – S. Roy Chowdhury, S. Rastogi
19. Financial Inclusion and Telecommunication in India: A Study on Spillover Effect – Taufeeque Ahmad Siddiqui, Kashif Iqbal Siddiqui
20. Environmental Efficiency and Trade Theory: Evidence from Indian Metal Sector – M. Prasad, T. Mishra
21. Prospects for Air Services in Indonesia Under Modified General Agreement on Trade in Services: India–China Dimension – Anil K. Kanungo, Abhishek Jha

About the Authors / Editors

Pooja Lakhanpal is an Associate Professor at the Indian Institute of Foreign Trade (IIFT), New Delhi. She holds a PhD in Humanities and Social Sciences and has over 27 years of experience in both industry and academia. Her research interests include sustainable business practices, business excellence, organizational transformation, corporate social responsibility, and international business negotiations.

Jaydeep Mukherjee is an Associate Professor at IIFT, New Delhi, with 18 years of teaching and research experience. His research areas include macroeconomic policy, open economy macroeconomics, and international finance, and he has published extensively in peer-reviewed international journals.

Biswajit Nag is a Professor of Economics and the Head of the Economics Division at IIFT, New Delhi. He has been involved in empirical economic research for over two decades and has contributed to numerous projects for international agencies, including the UN, World Bank, and ADB. His research focuses on international production networks, global value chains, and trade in services.

Divya Tuteja is an Assistant Professor at IIFT, Delhi. Her research interests include macroeconomics, applications of time series, and international financial markets. She has presented papers at national and international conferences and has published in international journals such as World Development and Economic Modelling.