Trade Growth Accounting in Goods and Services: An Empirical Exercise
This chapter explores the reasons behind trade growth in goods and services over the years for some selected countries by using Novy’s measure. We calculate trade costs in terms of tariff equivalents by using the indirect trade cost measure given by Novy.
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Somesh K. Rahul Ar Mathur ora Sarbjit S ingh
THEORIZ ING INTERNA TIONAL TRADE An India n
Perspec tive
Theorizing International Trade
Somesh K. Mathur • Rahul Arora • Sarbjit Singh Editors
Theorizing International Trade An Indian Perspective
Editors Somesh K. Mathur Indian Institute of Technology Kanpur Kanpur, India
Rahul Arora Consumer Unity & Trust Society (CUTS) International Jaipur, India
Sarbjit Singh Consumer Unity & Trust Society (CUTS) International Jaipur, India
ISBN 978-981-10-1758-2 ISBN 978-981-10-1759-9 (eBook) https://doi.org/10.1007/978-981-10-1759-9 Library of Congress Control Number: 2017957537 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration: © anucha sirivisansuwan / Getty Images Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
CONTENTS
1
Introduction Somesh K. Mathur, Rahul Arora, and Sarbjit Singh
Part I
2
Developments in Trade Theory, Gravity Modeling and Its Applications
Developments in International Trade Theory and Gravity Modelling Somesh K. Mathur, Rahul Arora, Sarbjit Singh, and Amrita Roy
3
Revisiting Strategic Trade Theory Indrani Roy Chowdhury
4
A Model of International Entry and Exit with Endogenous Sunk Costs in Vertical Markets Partha Gangopadhyay and Robert F. Owen
1
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9
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CONTENTS
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Trade Growth Accounting in Goods and Services: An Empirical Exercise 101 Somesh K. Mathur, Sarbjit Singh, Gaurav Doshi, and Abhishek Srivastava
6
Calculation of Ad Valorem Equivalents of Non-Tariff Barriers: A Case Study of 16 RCEP Countries Sarbjit Singh and Rahul Arora
115
Bilateral Trade Costs and Growth
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