Multidimensional Trade Facilitation in South Asia: Dynamics of Regional Integration
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Author: Tanya Gandhi and Shahid Ahmed
Author Address: Research Scholar, and Professor Department of Economics, Jamia Millia Islamia, New Delhi-110025 (India)
Keywords: Augmented Panel Gravity Model, simulations, trade facilitation, trade potential.
JEL Codes: C23, F10, F15, F17.
Abstract
This study examined the impact of trade
facilitation on intraregional trade in South Asia. By constructing five trade
facilitation indicators and incorporating them in an ugmented anel ravity odel,
the study estimated the impact of A P G M each of the five dimensions of trade
facilitation in South Asia. The results indicated that the most significant
gains in the region could be achieved by trade facilitation in the customs and
regulatory environments, respectively. It also estimated the trade potential of
the countries in the region for each other, and India and Bangladesh depicted
the highest potential. The potential gains in intra-regional trade in South Asia
resulting from trade facilitation were also quantified using the simulations
technique and concluded that intra-regional trade could be increased
tremendously through trade facilitation in the region in the five specific
dimensions. The study suggested that policymakers in India, Pakistan and
Bangladesh should take robust initiatives in trade facilitation.
Description
Indian Journal of Economics and Development
Volume 18 No. 3, 2022, 519-532
DOI: https://doi.org/10.35716/IJED/21097
NAAS Score: 5.15 (2022)
Indexed in Clarivate Analytics (ESCI) of WoS
Indexed in Scopus (SJR: 0.18)
UGC Approved (UGC-Care List Group II)