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

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  • Prabir De

    (Research and Information System for Developing Countries)

  • Chiranjib Neogi
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    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.

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    File URL: http://www.eaber.org/node/23067
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    Bibliographic Info

    Paper provided by East Asian Bureau of Economic Research in its series Trade Working Papers with number 23067.

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    Date of creation: Jan 2010
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    Handle: RePEc:eab:tradew:23067

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    Related research

    Keywords: global crisis; trade; industrial composition; trade openness; India;

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    1. Adams, Charles & Park, Donghyun, 2009. "Causes and Consequences of Global Imbalances: Perspective from Developing Asia," ADB Economics Working Paper Series 157, Asian Development Bank.
    2. 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.
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