Economic cooperation and trade potential of Indian energy sector products between India and BCM region
Journal Title: Journal of Management Research and Analysis - Year 2018, Vol 5, Issue 2
Abstract
South East Asia has become a critical and important part of the world trading system since last couple of decades It has also emerged as the worlds fastestgrowing economy As a geographically connected region the BCIM Economic Corridor EC is expected to ease the flow of goods between two of the largest and oldest economies of the globe namely India and China It will also provide greater economic resources to the burgeoning markets of Bangladesh and Myanmar The primary objectives of the study are to identify major tradable products of the energy sector of India and cluster them as per their trade potential In this study the scope of energy sector has been kept confined to products and equipment directly associated with energy access Energy security has been kept outside the purview of this present study Using 6digit Harmonized System 40HScodes41 of classification for both renewable and nonrenewable energy a list of 270 products and major equipment associated with renewable and nonrenewable energy sector have been identified for preliminary analysis of Indias trade potential of energy sector products in the BCIM region Various clusters of products and equipment associated with energy sector have been formed The clusters have been made on the basis of seven different parameters which are commonly used for analyzing trade date For each product values for these seven parameters have been estimated using past trade data 200913 Primarily WITS data has been used And to understand intraindustry trade IIT the GrubelLloyd index has been usedFK index has been used to understand the trade creation and trade diversion potential of the trading partners SMART package has been used to estimate welfare gains for BCIM member countriesKeywords RCA IIT TCI BCIM SMART GLI RTA FKI RCDA SSI
Authors and Affiliations
Kallal Banerjee, Depankar Dey
Keywords
Related Articles
- EP ID EP514137
- DOI 10.18231/2394-2770.2018.0027
- Views 109
- Downloads 0
Diagnosis of entrepreneurial competency of selected retailers in Chennai
Retailing as an industry is undergoing phenomenon transformation in the wake of technological changes and Government policy initiatives Retailers in general and small retailers in particular has to possess entrepreneuria...
Impact of job demands & resources on burnout and engagement of railway employees in Mysore division
The primary objective of this study is to investigate the relationship between job demands with burnout and job resources with engagement Primary data collected through face to face interaction by providing the structure...
Paradigm shift in female role portrayals in Advertising: A theoretical framework
Women have been portrayed with erotic images and are being used as sexual elements by the advertisers at present consequently having bad effects on the youth As far as women empowerment in advertisements is concerned the...
A dynamic causality analysis between gold price movements and stock market returns: Evidence from India
Indian economy is a developing economy and one of the largest gold importers globally During the financial year 201617 India imported around 550 tonnes of the metal and during the financial year it will jump to 846 tonne...
A study of positive and negative role of online advertisements in the growth of modern business
The optimistic role played by online advertisements in the marketplace progression has been fundamentally ignored by academic economists It is only just since the modern economic revolution that economists have realize t...