IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/80106.html
   My bibliography  Save this paper

Long run Relationship between Trade in Goods and Trade in Services of India

Author

Listed:
  • Panickers Villa, Arunhari

Abstract

The exchange of goods, services and capital across the borders of different countries is known as international trade. This type of trade is important as it promotes and encourages the growth, movement and purchase of different goods and services from one country to another. This means that what one country does not have it can purchase from another country. International trade has economic, political and social importance for the countries engage in it and it has been on the rise in the recent years. With the advent of globalization and subsequent opening up of trade, the international trade pattern has acquired a new shape across geographies. An increase in both economic and trade liberalization paid off well for India, as its trade to GDP ratio has increased last few years. The present study made an attempt to estimate long run relationship between trade in goods and trade in services of India. The study found that there exist a long run relationship between trade in goods and trade in services of India.

Suggested Citation

  • Panickers Villa, Arunhari, 2017. "Long run Relationship between Trade in Goods and Trade in Services of India," MPRA Paper 80106, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:80106
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/80106/1/MPRA_paper_80106.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Haruka Yane, 2013. "Prospects for Trade in Intermediates and Trade in Services: What Does the Gravity Model of Bilateral Trade Tell Us?," OSIPP Discussion Paper 13E002, Osaka School of International Public Policy, Osaka University.
    2. van der Marel, Erik, 2011. "Determinants of comparative advantage in services," LSE Research Online Documents on Economics 38993, London School of Economics and Political Science, LSE Library.
    3. De, Prabir, 2013. "Assessing Barriers to Trade in Services in India: An Empirical Investigation," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 28, pages 108-143.
    4. Nag, Biswajit & De, Debdeep, 2008. "Services in Regioanl Trade Agreements: Implications for India," MPRA Paper 15871, University Library of Munich, Germany.
    5. Sébastien Miroudot & Rainer Lanz & Alexandros Ragoussis, 2009. "Trade in Intermediate Goods and Services," OECD Trade Policy Papers 93, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gordeev, Dmitriy (Гордеев, Дмитрий) & Idrisova, Vittoria (Идрисова, Виттория) & Kaukin, Andrei (Каукин, Андрей) & Ponomarev, Yuriy (Пономарев, Юрий) & Filicheva, Evgeniya (Филичева, Евгения), 2016. "Analysis of Global Supply Chains in International Trade Patterns [Анализ Глобальных Цепочек В Моделях Международной Торговли]," Working Papers 765, Russian Presidential Academy of National Economy and Public Administration.
    2. Idrisova, Vittoria (Идрисова, Виттория), 2017. "Determinants of Value-Added Exports: The Role of Import Demand Factors [Детерминанты Экспорта Добавленной Стоимости: Роль Факторов Спроса На Импорт]," Working Papers 051715, Russian Presidential Academy of National Economy and Public Administration.
    3. Hildegunn K. Nordås & Dorothée Rouzet, 2017. "The Impact of Services Trade Restrictiveness on Trade Flows," The World Economy, Wiley Blackwell, vol. 40(6), pages 1155-1183, June.
    4. Lütkenhorst, Wilfried, 2018. "Creating wealth without labour? Emerging contours of a new techno-economic landscape," IDOS Discussion Papers 11/2018, German Institute of Development and Sustainability (IDOS).
    5. -, 2012. "Latin American Economic Outlook 2013: SMEs policies for structural change," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1464 edited by Oecd, July.
    6. T.Huw Edwards & Carlo Perroni, 2014. "Market Integration, Wage Concentration, and the Cost and Volume of Traded Machines," Discussion Paper Series 2014_08, Department of Economics, Loughborough University, revised Sep 2014.
    7. De Backer, Koen & Miroudot, Sébastien, 2014. "Mapping global value chains," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37176.
    8. Harms, Philipp & Shuvalova, Daria, 2020. "Cultural distance and international trade in services: A disaggregate view," Economic Systems, Elsevier, vol. 44(2).
    9. Paola Conconi & Manuel García-Santana & Laura Puccio & Roberto Venturini, 2018. "From Final Goods to Inputs: The Protectionist Effect of Rules of Origin," American Economic Review, American Economic Association, vol. 108(8), pages 2335-2365, August.
    10. Zhang, Jingjing, 2020. "International production fragmentation, trade in intermediate goods and environment," Economic Modelling, Elsevier, vol. 87(C), pages 1-7.
    11. repec:ilo:ilowps:485511 is not listed on IDEAS
    12. Juan Pablo Domínguez, 2013. "Evaluating intermediate goods trade flow in the new century: stylized facts for explaining vertical specialization," Escenarios: Empresas y Territorio, Institución Universitaria ESUMER, January.
    13. Holger Görg & Aoife Hanley & Ingrid Ott, 2015. "Outsourcing Foreign Services and the Internet: Evidence from Firm Level Data," The Economic and Social Review, Economic and Social Studies, vol. 46(3), pages 367-387.
    14. Miroudot, Sã‰Bastien & Sauvage, Jehan & Shepherd, Ben, 2013. "Measuring the cost of international trade in services," World Trade Review, Cambridge University Press, vol. 12(4), pages 719-735, October.
    15. Lionel Fontagné & Ann Harrison, 2017. "The Factory-Free Economy. Outsourcing, Servitization, and the Future of Industry," PSE-Ecole d'économie de Paris (Postprint) halshs-02923043, HAL.
    16. Tscheke, Jan, 2016. "Operational Hedging of Exchange Rate Risks," Discussion Papers in Economics 30227, University of Munich, Department of Economics.
    17. Carlo Altomonte & Filippo Di Mauro & Gianmarco I. P. Ottaviano & Armando Rungi & Vincent Vicard, 2012. "Global Value Chains During the Great Trade Collapse: A Bullwhip Effect?," CEP Discussion Papers dp1131, Centre for Economic Performance, LSE.
    18. Antonia Lopez Villavicencio & Valérie Mignon, 2018. "Do global value chains amplify global imbalances?," Working Papers hal-04141687, HAL.
    19. Paola Conconi & Glenn Magerman & Afrola Plaku, 2020. "The Gravity of Intermediate Goods," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 57(2), pages 223-243, September.
    20. Willert, Bianca, 2017. "How intermediates trade affects the formation of free trade agreements: A study analyzing pairwise trade flows of 70 countries," Thuenen-Series of Applied Economic Theory 147, University of Rostock, Institute of Economics, revised 2017.
    21. Kwok Tong Soo, 2018. "International trade and the division of labor," Review of International Economics, Wiley Blackwell, vol. 26(2), pages 322-338, May.

    More about this item

    Keywords

    Trade in Goods; Trade in services ; Johansen Cointegration Test;
    All these keywords.

    JEL classification:

    • F19 - International Economics - - Trade - - - Other

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:80106. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.