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The Role of Sustainability and Policy Measures in Export Performance

In: Indian Agriculture Under the Shadows of WTO and FTAs

Author

Listed:
  • Shubham Kumar

    (Indian Institute of Management)

  • Tapas Kumar Giri

    (Indian Institute of Management)

Abstract

There have been significant changes in the international trade policy regime in recent years, along with an increasing emphasis on policy alignment and sustainability-related issues. The paper aims to empirically examine the role of sustainability and policy measures in influencing export performance. The study uses the stochastic frontier approach to estimate gravity equation on the export performance of 10 leading world exporters from the Asia Pacific Economic Cooperation (APEC) region over the time period 2012–2017. While the absolute difference in real exchange rates shows trade-inhibiting effects, estimates for reduced tariffs and interdependence among economies suggest trade-enhancing effects and significance in all specifications. There is a conspicuous difference in the export performance from the perspective of intra-regional and inter-regional trade. The study underscores the important role of regional trading blocs in policy alignment and sustainable development.

Suggested Citation

  • Shubham Kumar & Tapas Kumar Giri, 2021. "The Role of Sustainability and Policy Measures in Export Performance," India Studies in Business and Economics, in: Rajan Sudesh Ratna & Sachin Kumar Sharma & Radika Kumar & Adeet Dobhal (ed.), Indian Agriculture Under the Shadows of WTO and FTAs, chapter 0, pages 177-192, Springer.
    • Handle: RePEc:spr:isbchp:978-981-33-6854-5_9
    DOI: 10.1007/978-981-33-6854-5_9
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