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

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  • 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
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    References listed on IDEAS

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    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. Nag, Biswajit & De, Debdeep, 2008. "Services in Regioanl Trade Agreements: Implications for India," MPRA Paper 15871, University Library of Munich, Germany.
    3. Sébastien Miroudot & Rainer Lanz & Alexandros Ragoussis, 2009. "Trade in Intermediate Goods and Services," OECD Trade Policy Papers 93, OECD Publishing.
    4. 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.
    5. 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.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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

    JEL classification:

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

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