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Global Financial Crisis : Implications for Trade and Industrial Restructuring in India

Author

Listed:
  • Prabir De

    (Research and Information System for Developing Countries)

  • Chiranjib Neogi

Abstract

This paper investigates the impact of global crisis shocks on Indias trade and industry. The estimated results show that changes in trade composition are positively associated with changes in manufacturing composition in India, controlling for other variables. While analysing its dynamic effects, compositional change in industry has responded significantly to the export to USA, Japan and EU in the crisis period. However, there is no strong indication to conclude that Indian industry has been severely affected by the fall in demand in crisis-affected advanced economies such as US, EU and Japan, holding other things constant.

Suggested Citation

  • Prabir De & Chiranjib Neogi, 2010. "Global Financial Crisis : Implications for Trade and Industrial Restructuring in India," Trade Working Papers 23067, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:tradew:23067
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    File URL: http://www.eaber.org/node/23067
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    References listed on IDEAS

    as
    1. Juthathip Jongwanich & William E. James & Peter J. Minor & Alexander Greenbaum, 2009. "Trade Structure and the Transmission of Economic Distress in the High-Income OECD Countries to Developing Asia," Asian Development Review (ADR), World Scientific Publishing Co. Pte. Ltd., vol. 26(01), pages 48-102, June.
    2. Adams , Charles & Park, Donghyun, 2009. "Causes and Consequences of Global Imbalances: Perspective from Developing Asia," Asian Development Review, Asian Development Bank, vol. 26(1), pages 19-47.
    3. World Bank, 2008. "World Development Indicators 2008," World Bank Publications - Books, The World Bank Group, number 11855, December.
    4. Masahiro Kawai & Shinji Takagi, 2011. "Why Was Japan Hit So Hard by the Global Financial Crisis?," Chapters, in: Daigee Shaw & Bih Jane Liu (ed.), The Impact of the Economic Crisis on East Asia, chapter 7, Edward Elgar Publishing.
    5. World Bank, 2009. "World Development Indicators 2009," World Bank Publications - Books, The World Bank Group, number 4367, December.
    6. Aw, Bee Yan & Chen, Xiaomin & Roberts, Mark J., 2001. "Firm-level evidence on productivity differentials and turnover in Taiwanese manufacturing," Journal of Development Economics, Elsevier, vol. 66(1), pages 51-86, October.
    7. Kawai, Masahiro & Zhai, Fan, 2009. "China-Japan-United States integration amid global rebalancing: A computable general equilibrium analysis," Journal of Asian Economics, Elsevier, vol. 20(6), pages 688-699, November.
    8. World Bank, 2008. "World Development Indicators 2008," World Bank Publications - Books, The World Bank Group, number 28241, December.
    9. Prabir De, 2009. "Global economic and financial crisis: India’s trade potential and future prospects," Working Papers 6409, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    global crisis; trade; industrial composition; trade openness; India;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications

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