Export Policies

Paper Title: INDIA’S EXPORTS TO ASEAN COUNTRIES: An Empirical Study

Author: Dr. Amal Sarkar
Institutional affiliation: Senior Lecturer, Department of Economics Narasinha Dutt College, Howrah, West Bengal, India. Mailing Address: Dr. AMAL SARKAR 39, DURGA CHARAN DOCTOR ROAD, KOLKATA, WEST BENGAL, INDIA. PIN CODE: 700 014.
Email ID: [e-mail]

Telephone Number: 033 2216 2371 (INDIA)

INDIA’S EXPORTS TO ASEAN COUNTRIES: An Empirical Study AMAL SARKAR

ABSTRACT

India has put an emphasis on enhancing trade relations with ASEAN countries in recent years. In the post-reform reform period, India’s export to ASEAN has significantly increased. However, the ASEAN financial crisis of late nineties had led a decline in the growth rate of export to this region. From the model, measuring price and import elasticities of export flows to ASEAN attracts a great deal of attention because of its significant implications on India 's export earnings from ASEAN. As the time series data involves non-stationary on their level, the Phillips-Hansen’s Fully Modified (FM) method has been applied to get the estimated values of elasticity. The regression results show that there exist significant differences in elasticity of India’s exports across ASEAN countries.

I.INTRODUCTION
Foreign trade plays an important role in the economic development and growth of a country. Findlay (1984) consider trade as a highway of learning and suggest that foreign ideas and creativity are an impetus to domestic creativity and growth. Following the

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