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Trade Reforms and Economic Integration in South Asia: SAARC to SAPTA

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  • Chowdhury, Mamta B.

Abstract

As Globalisation and regionalism gained its momentum from the beginning of 1980s and the gain from open trade is realised by the pioneer East Asian nations (especially, the ASEAN countries), the South Asian countries also tried to catch up with the stream under the banner of South Asian Association of Regional Cooperation (SAARC). The objective of the study is to assess the liberalisation efforts by these nations. Our empirical results in terms of trade among the regional group suggest that the smaller countries, namely Bangladesh and Sri Lanka reap the higher gains from openness, whereas trade with other international partners, it took India and Bangladesh to gain international competitiveness until mid 1990s. Our study indicates Pakistan and Sri Lanka’s trade liberalisation efforts don’t seem to have much positive impact in terms of international trade.

Suggested Citation

  • Chowdhury, Mamta B., 2005. "Trade Reforms and Economic Integration in South Asia: SAARC to SAPTA," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 5(4).
    • Handle: RePEc:eaa:aeinde:v:5:y:2005:i:4_2
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    Citations

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    Cited by:

    1. Sharma Vipin & Kumar Vinod, 2021. "Trade potential under the SAFTA between India and other SAARC countries: the augmented gravity model approach," Statistics in Transition New Series, Statistics Poland, vol. 22(3), pages 81-97, September.
    2. Sithanonxay SUVANNAPHAKDY & Toshihisa TOYODA & Chris CZERKAWSKI, 2011. "Enhancing Trade Flows in ASEAN Plus Six," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(2).
    3. Abdollahi, Hooman & Junttila, Juha-Pekka & Lehkonen, Heikki, 2024. "Clustering asset markets based on volatility connectedness to political news," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 93(C).
    4. Guesmi, Khaled & Teulon, Frederic & Muzaffar, Ahmed Taneem, 2014. "The evolution of risk premium as a measure for intra-regional equity market integration," International Review of Financial Analysis, Elsevier, vol. 35(C), pages 13-19.
    5. Abdul Karim, Bakri & Abdul Majid, M. Shabri & Abdul Karim, Samsul Ariffin, 2009. "Financial Integration between Indonesia and Its Major Trading Partners," MPRA Paper 17277, University Library of Munich, Germany.
    6. Dwihasri, Dhaifina & Masih, Mansur, 2015. "Should investors diversify their portfolios with stocks from major trading countries? A comparative multivariate GARCH-DCC and wavelet correlation analysis," MPRA Paper 65278, University Library of Munich, Germany.
    7. Patel, Ritesh & Goodell, John W. & Oriani, Marco Ercole & Paltrinieri, Andrea & Yarovaya, Larisa, 2022. "A bibliometric review of financial market integration literature," International Review of Financial Analysis, Elsevier, vol. 80(C).
    8. Biru Paksha Paul, 2013. "Output Relationships in South Asia: Are Bangladesh and India Different from Neighbours?," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 14(1), pages 35-57, March.
    9. Vipin Sharma & Vinod Kumar, 2021. "Trade potential under the SAFTA between India and other SAARC countries: the augmented gravity model approach," Statistics in Transition New Series, Polish Statistical Association, vol. 22(3), pages 81-97, September.
    10. Khaled Guesmi & Olfa Kaabia & Ilyes Abid, 2017. "ASEAN Plus Three Stock Markets Integration," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 15(3), pages 565-581, September.
    11. Bakri Abdul Karim & M. Shabri Abd. Majid, 2010. "Does trade matter for stock market integration?," Studies in Economics and Finance, Emerald Group Publishing Limited, vol. 27(1), pages 47-66, March.
    12. repec:ipg:wpaper:2014-096 is not listed on IDEAS
    13. . Chowdhury, Mamta B., 2005. "Real Exchange Rates and International Competitiveness of SAAR Countries: An Analysis of Bangladesh, India, Pakistan and Sri-Lanka for 1960-2000," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 2(4), pages 5-18.

    More about this item

    Keywords

    SAARC; SAPTA; SAFTA; Trading Bloc; Intra- and international Competitiveness; Real exchange rate; Openness in trade regime;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications

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