Foreign direct investment and international trade in BIMSTEC: panel causality analysis

Economic engagement and disengagement are part and parcel of political economy and geopolitical concerns. The recent non-participation of India in the South Asian Association for Regional Cooperation summit has proved fatal. This has resulted in the shift of attention of the major Asian countries to...

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Bibliographic Details
Published in:Transnational corporations review 2017-06, Vol.9 (2), p.112-121
Main Authors: Rahman, Mohd Nayyer, Grewal, Harpal S.
Format: Article
Language:English
Subjects:
BIMSTEC
Causality
Cooperation
FDI
Foreign investment
Geopolitics
International trade
world trade
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Summary:Economic engagement and disengagement are part and parcel of political economy and geopolitical concerns. The recent non-participation of India in the South Asian Association for Regional Cooperation summit has proved fatal. This has resulted in the shift of attention of the major Asian countries towards The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) region for world trade and foreign direct investment (FDI). The present study is an attempt to empirically identify the causality between variables of FDI and world trade across panel data for BIMSTEC countries. This is an attempt to search for further causality.
ISSN:1925-2099
1918-6444
1925-2099
DOI:10.1080/19186444.2017.1326720