INDIA'S REVEALED COMPARATIVE ADVANTAGES IN MERCHANDISE TRADE WITH COUNTRY GROUPS AT DIFFERENT LEVELS OF DEVELOPMENT

The comparative advantage (CA) measures for India's merchandise trade with high, middle income, and least developed countries, based on annual trade data for 16 product groups from 2003 to 2018, indicate that India has always had CA over all three groups in animal, food products, and textiles a...

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Bibliographic Details
Published in:Contemporary economic policy 2021-04, Vol.39 (2), p.377-397
Main Authors: Goswami, Binoy, Nath, Hiranya K.
Format: Article
Language:English
Subjects:
Comparative advantage
Comparative studies
Developing countries
Economic policy
Food
LDCs
Textiles
Trade
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Summary:The comparative advantage (CA) measures for India's merchandise trade with high, middle income, and least developed countries, based on annual trade data for 16 product groups from 2003 to 2018, indicate that India has always had CA over all three groups in animal, food products, and textiles and clothing, and comparative disadvantage (CDA) in wood. Further, its CA over least developed countries and its CDA over middle income countries are more persistent than over other groups. The probabilities of switching from CDA to CA are higher than those for shifting from CA to CDA for all three groups. (JEL F14, O24, O57)
ISSN:1074-3529
1465-7287
DOI:10.1111/coep.12505