Overview

Provides a structured application of major concepts and methodologies in trade analytics, geared towards identification of export markets and products as well as their competitiveness. Designed as a practical guide for management graduates, researchers, corporate executives and policy-makers, India’s Trade Analytics familiarizes the readers with various technical approaches to the analysis of international trade flows, market identification and competitiveness measurement procedures. The book also addresses emerging issues in international trade patterns along with the description of standard trade indices and trade modelling techniques. It aims to enable the readers to adopt modelling and analytical tools as relevant to their research problem. The chapters are closely woven with India’s trade issues at both macro and micro levels. While the macro aspects include the analysis at the country level (i.e., overall trade indices for India involving its trade partners), the product-specific analysis (e.g., competitiveness for individual export items from India at disaggregated level) is conducted in the micro discussions. Key Features: • Critical analysis of data drawn from important multilateral trade databases.  • Application of crucial methodologies like ex post and ex ante analyses, and partial and general equilibrium models, along with in-depth interpretation of the derived output (e.g., competitiveness analysis, effect of tariff reform) for partner markets. • Discussion on identifying the non-tariff barriers (NTBs).  • Explains the role of trade facilitation measures and trade costs in international business.   

Full Product Details

Author:   Biswajit Nag ,  Debashis Chakraborty
Publisher:   SAGE Publications India Pvt Ltd
Imprint:   SAGE Publications India Pvt Ltd
Weight:   0.860kg
ISBN:  

9789353282752

ISBN 10:   9353282756
Pages:   448
Publication Date:   25 February 2019
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Paperback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

Foreword - L. Alan Winters CB Preface Introduction: Trade Analytic Tools for Policymaking and Business Decisions—Application and Interpretation - Biswajit Nag and Debashis Chakraborty PART A: STRUCTURE AND USE OF TRADE DATA AND INDICES India’s Trade Pattern and Opportunities with Central Asian Countries: An Application of Select Trade Indices - Debashis Chakraborty and Zaki Hussain Emerging Patterns in Intra-industry Trade: An Analysis of India–EU Trade with Select Sectors - Biswajit Nag and Zaki Hussain PART B: SECTOR-BASED TRADE OUTCOME ANALYSIS Export Competitiveness of India’s Leather Exports: Application of Select Indices - Debashis Chakraborty and Zaki Hussain A Constant Market Share Analysis of India’s Export to ASEAN Countries - Debashis Chakraborty, Triptendu Prakash Ghosh and Zaki Hussain Shift Share Analysis: An Application to Analysis of Indian Exports - Bibek Ray Chaudhuri International Production Networks (IPNs) and Global Value Chains (GVCs) between India and Northeast Asia: An Analysis of Value-added Trade in Selected Industries - Biswajit Nag and Jaewook Lee PART C: ASSESSMENT OF OPEN ECONOMY INDICATORS Balance of Payment Analytics: Application of Select Indices - Ranajoy Bhattacharyya Exchange Rate Dynamics and Measuring Balance of Payment Implication - Ashima Puniani and Jaydeep Mukherjee PART D: TRADE IN SERVICES Measuring Services Trade: Major Challenges in India and the Way Forward - Arpita Mukherjee and Tanu M Goyal Services Trade Restrictiveness Index, Methodology and Application: The Indian Context - Hildegunn Kyvik Nordås PART E: TRADE FACILITATION Interpreting Trade Facilitation Indices Towards a Smooth Regional Trade in Asia-Pacific - Yann Duval, Biswajit Nag and Yuhua Zhang Assessing Linkages between Trade Costs and Trade Flows: Applications of Gravity Model - Prabir de and Durairaj Kumarasamy PART F: ANALYSIS AND MODELLING OF TRADE BARRIERS Modelling Non-tariff Measures in RTAs - Rajan Sudesh Ratna Non-tariff Barriers on Auto-components′ Exports: Application of Select Indices - Debashis Chakraborty, Julien Chaisse and Zaki Hussain PART G: PARTIAL AND GENERAL EQUILIBRIUM MODELLING TECHNIQUES Implication of Tariff Reduction Through Partial Simulation Using Smart: An Analysis of India’s Import of Passenger Vehicles from Japan and Germany - Biswajit Nag and Pratiksha Chaturvedi Gravity Model of International Trade: Understanding the Underlying Dynamics - Zaki Hussain and Biswajit Nag Use of Computable General Equilibrium Model in Trade Research: An Application of GTAP Model on India–ASEAN Trade - Chandrima Sikdar Advances in Global CGE Modelling and Trade Policy Formulations: Some Issues - G Badri Narayanan Conclusion: Trade Analytic Tools: For Whose Benefits? - Debashis Chakraborty and Biswajit Nag Index

Reviews

This book’s lasting achievements may lie not in highlighting the trade theories and their real-world complexities. Instead, the authors have used required analytical tools and techniques to explore many policy objectives. It takes many of the themes and then turns them into a strong narrative and powerful argument. The students of economics and management programmes cannot escape such empirical insights. -- Arindam Banik, * Professor and Director, International Management Institute, Kolkata Editor, Global Business Review * This comprehensive volume fills a much-needed space in the field of trade analytics. The focus on analysis that is rooted in the underlying trade institutions enables the reader to better understand the realities of global trade while picking up the fine nuances of analytics. It is a much-needed volume for both advanced students and practitioners. -- Laveesh Bhandari, * Director, Indicus Foundation, New Delhi * This book is a timely contribution to the trade literature where, increasingly, quantitative analysis has become important. This book exposes the reader to modelling tools and techniques, and applies them to different sectoral and geographic contexts as well as a range of topical issues such as free trade agreements (FTAs), non-tariff measures (NTMs), global value chains and trade facilitation. It promises to be a valuable resource for trade researchers, students, policymakers and industry. -- Rupa Chanda, * RBI Chair Professor in Economics, Indian Institute of Management Bangalore * This is an excellent initiative to put together the critical dimensions of international trade that serious students of the subject need to know. The hallmark of the volume is the creative way in which conceptual issues have been connected with the analytical tools generally used by the researchers in this area. I am glad that Professors Nag and Chakraborty have encapsulated their years of teaching and research experience in this volume. -- Biswajit Dhar Professor, * Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi * It is a much-awaited comprehensive and theoretically backed empirical treatment of all the emerging issues in trade, making it an essential read for all those engaged in research, policymaking and teaching/training on trade-related issues. -- K. J. Joseph, * Professor, Ministry of Commerce; Chair, Centre for Development Studies, Trivandrum President, Globelics; and Editor-in-Chief, Innovation and Development * This most comprehensive volume enables the readers to understand the quantitative analysis of international trade issues in an economy-wide framework. It is most contemporary and covers critical issues such as the impact of exchange rate movements, non-tariff barriers and trade facilitation measures. It is highly recommended for all graduates and research students. -- Amir Ullah Khan, * Professor, Dr. Marri Channa Reddy Human Resource Development Institute of Telangana, Hyderabad, and Editor, Journal of Development Policy and Practice (SAGE) * While the implications of international trade received renewed interests around the world, the chapters of this book are crafted to deal with the emerging issues and to highlight the findings and opportunities based on the detailed information, scientific methodology, in-depth analysis and anecdotal evidence that would definitely satisfy the wide-ranging interests of students, scholars, academics and policymakers concerned for the Indian economy and development. -- Dibyendu Maity, * Associate Professor, Centre for Development Economics, Delhi School of Economics, New Delhi * The current volume comprehensively covers all the major empirical methodologies that can be applied for evaluating trade policy outcomes. The book would be a crucial resource for teaching community, academic researchers, trade analytics professionals and policymakers alike. I am glad to know that the book editors and authors have covered areas such as global value chains, restrictions defining trade in services, evaluating RTAs though partial and general equilibrium methodologies, CMS and trade growth accounting, factors determining exchange rate movements, identifying and measuring non-tariff barriers and trade facilitation measures, among other topics. -- Somesh K. Mathur, * Professor, Department of Economic Sciences, Indian Institute of Technology Kanpur * Nag and Chakraborty had a difficult job of presenting a set of trade-related issues that are rich in policy content, while maintaining their analytical rigour. They performed this task carefully, cohesively and competently. With a focus on foreign trade in India, they have covered issues as diverse as trade indicators, trade diversification, trade facilitation, services trade and long-term trade policy modelling. In this day and age of deglobalization, the book is a must read for students, teachers and policymakers who have interest in international trade. -- Partha Ray, * Professor of Economics, Indian Institute of Management Calcutta * The book is a much-desired combination of theory and empirics in the context of India’s trade. The traditional textbooks most often deal with theoretical concepts which are not always supported by data and empirical analysis. This is more felt while one tries to relate existing theories with the performance of India’s international trade. The book has chapters on how to interpret trade data, which types of indices are most relevant with examples, sector-wise trade issues with elaboration on theoretical concepts along with partial and general equilibrium modelling and their applications in the context of India’s international trade. The book certainly will be a useful addition to students and researchers pursuing applied international trade issues, especially in the context of India and to the policy designers involved in trade negotiations for India. -- Ajitava Raychaudhuri, * Professor, Department of Economics Former Head and Coordinator, Centre for Advanced Studies, Jadavpur University, Kolkata * The volume India’s Trade Analytics: Patterns and Opportunities is an extraordinary toolkit where the crucial difference with other volumes lies in the context in which the various key methodologies are laid out. The context is unmistakably Indian, but the same methodologies can be easily applied elsewhere with different datasets. It closes the gap between researchers and those involved in the actual business of international trade by enabling the latter to test opinions and/or forecast for themselves what was earlier sought from think tanks. This is a very welcome addition to the literature on empirical international trade. -- Dipankar Sengupta, * Professor, Department of Economics, and Dean, Students Placements, University of Jammu * This book adequately emphasizes various data analytic tools for analysing pertinent research questions in international trade, with emphasis on the Indian context. It would be extremely helpful to students working on the themes of empirical trade. -- Tara Shankar, * Shaw Associate Professor, Humanities and Social Sciences, Indian Institute of Technology Bombay * During the last several years, with the increased availability of detailed data from varied sources, research in the area of international trade has tended to become predominantly empirical in nature. In this context, this book is timely and unique. Using Indian data, it provides a hands-on experience that allows students, business analysts and policymakers to actively participate in the emerging field of trade analytics. -- C. Veeramani, * Professor, Indira Gandhi Institute of Development Research, Mumbai *

During the last several years, with the increased availability of detailed data from varied sources, research in the area of international trade has tended to become predominantly empirical in nature. In this context, this book is timely and unique. Using Indian data, it provides a hands-on experience that allows students, business analysts and policymakers to actively participate in the emerging field of trade analytics. -- C. Veeramani, * Professor, Indira Gandhi Institute of Development Research, Mumbai * This book adequately emphasizes various data analytic tools for analysing pertinent research questions in international trade, with emphasis on the Indian context. It would be extremely helpful to students working on the themes of empirical trade. -- Tara Shankar, * Shaw Associate Professor, Humanities and Social Sciences, Indian Institute of Technology Bombay * The volume India's Trade Analytics: Patterns and Opportunities is an extraordinary toolkit where the crucial difference with other volumes lies in the context in which the various key methodologies are laid out. The context is unmistakably Indian, but the same methodologies can be easily applied elsewhere with different datasets. It closes the gap between researchers and those involved in the actual business of international trade by enabling the latter to test opinions and/or forecast for themselves what was earlier sought from think tanks. This is a very welcome addition to the literature on empirical international trade. -- Dipankar Sengupta, * Professor, Department of Economics, and Dean, Students Placements, University of Jammu * The book is a much-desired combination of theory and empirics in the context of India's trade. The traditional textbooks most often deal with theoretical concepts which are not always supported by data and empirical analysis. This is more felt while one tries to relate existing theories with the performance of India's international trade. The book has chapters on how to interpret trade data, which types of indices are most relevant with examples, sector-wise trade issues with elaboration on theoretical concepts along with partial and general equilibrium modelling and their applications in the context of India's international trade. The book certainly will be a useful addition to students and researchers pursuing applied international trade issues, especially in the context of India and to the policy designers involved in trade negotiations for India. -- Ajitava Raychaudhuri, * Professor, Department of Economics Former Head and Coordinator, Centre for Advanced Studies, Jadavpur University, Kolkata * Nag and Chakraborty had a difficult job of presenting a set of trade-related issues that are rich in policy content, while maintaining their analytical rigour. They performed this task carefully, cohesively and competently. With a focus on foreign trade in India, they have covered issues as diverse as trade indicators, trade diversification, trade facilitation, services trade and long-term trade policy modelling. In this day and age of deglobalization, the book is a must read for students, teachers and policymakers who have interest in international trade. -- Partha Ray, * Professor of Economics, Indian Institute of Management Calcutta * The current volume comprehensively covers all the major empirical methodologies that can be applied for evaluating trade policy outcomes. The book would be a crucial resource for teaching community, academic researchers, trade analytics professionals and policymakers alike. I am glad to know that the book editors and authors have covered areas such as global value chains, restrictions defining trade in services, evaluating RTAs though partial and general equilibrium methodologies, CMS and trade growth accounting, factors determining exchange rate movements, identifying and measuring non-tariff barriers and trade facilitation measures, among other topics. -- Somesh K. Mathur, * Professor, Department of Economic Sciences, Indian Institute of Technology Kanpur * While the implications of international trade received renewed interests around the world, the chapters of this book are crafted to deal with the emerging issues and to highlight the findings and opportunities based on the detailed information, scientific methodology, in-depth analysis and anecdotal evidence that would definitely satisfy the wide-ranging interests of students, scholars, academics and policymakers concerned for the Indian economy and development. -- Dibyendu Maity, * Associate Professor, Centre for Development Economics, Delhi School of Economics, New Delhi * This most comprehensive volume enables the readers to understand the quantitative analysis of international trade issues in an economy-wide framework. It is most contemporary and covers critical issues such as the impact of exchange rate movements, non-tariff barriers and trade facilitation measures. It is highly recommended for all graduates and research students. -- Amir Ullah Khan, * Professor, Dr. Marri Channa Reddy Human Resource Development Institute of Telangana, Hyderabad, and Editor, Journal of Development Policy and Practice (SAGE) * It is a much-awaited comprehensive and theoretically backed empirical treatment of all the emerging issues in trade, making it an essential read for all those engaged in research, policymaking and teaching/training on trade-related issues. -- K. J. Joseph, * Professor, Ministry of Commerce; Chair, Centre for Development Studies, Trivandrum President, Globelics; and Editor-in-Chief, Innovation and Development * This is an excellent initiative to put together the critical dimensions of international trade that serious students of the subject need to know. The hallmark of the volume is the creative way in which conceptual issues have been connected with the analytical tools generally used by the researchers in this area. I am glad that Professors Nag and Chakraborty have encapsulated their years of teaching and research experience in this volume. -- Biswajit Dhar Professor, * Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi * This book is a timely contribution to the trade literature where, increasingly, quantitative analysis has become important. This book exposes the reader to modelling tools and techniques, and applies them to different sectoral and geographic contexts as well as a range of topical issues such as free trade agreements (FTAs), non-tariff measures (NTMs), global value chains and trade facilitation. It promises to be a valuable resource for trade researchers, students, policymakers and industry. -- Rupa Chanda, * RBI Chair Professor in Economics, Indian Institute of Management Bangalore * This comprehensive volume fills a much-needed space in the field of trade analytics. The focus on analysis that is rooted in the underlying trade institutions enables the reader to better understand the realities of global trade while picking up the fine nuances of analytics. It is a much-needed volume for both advanced students and practitioners. -- Laveesh Bhandari, * Director, Indicus Foundation, New Delhi * This book's lasting achievements may lie not in highlighting the trade theories and their real-world complexities. Instead, the authors have used required analytical tools and techniques to explore many policy objectives. It takes many of the themes and then turns them into a strong narrative and powerful argument. The students of economics and management programmes cannot escape such empirical insights. -- Arindam Banik, * Professor and Director, International Management Institute, Kolkata Editor, Global Business Review *

Author Information

Biswajit Nag is Professor of Economics at the Indian Institute of Foreign Trade (IIFT), New Delhi. He has been involved in empirical economic research for more than two decades in addition to having taught in both India and overseas. Dr Nag has completed a number of projects for the Government of India and international agencies such as the UN, World Bank, Asian Development Bank, World Trade Organization (WTO), European Union, Department for International Development (DFID) and Japan International Cooperation Agency (JICA). He is also an advisor on global value chain (GVC) to Asia-Pacific Research and Training Network on Trade (ARTNet), promoted by the UNESCAP. His current research interest covers areas of international production networks (IPNs), GVCs, trade in services, regional trade agreements (RTAs), trade and development and so on. He is well known for advising on sector-based strategies to access the international market. Dr Nag is currently working on trade and technology with a focus on the firm’s ability to absorb new technology and accelerate its involvement in international trade. He is also conducting research on technology integration and employment dynamics in Indian exportable sector. He has also recently reviewed ‘Digital Trade Facilitation in Asia and the Pacific’, a report published by the UN. His book My World with Rafiki: An Economic Travelogue and Miscellany focuses on changing international business environment and is based on case studies used in MBA classes. His another book Business Innovation and ICT Strategies (co-authored) deals with decision-making strategies using Information and Communications Technology (ICT) tools and role of open innovation in aligning technical capabilities and market knowledge. Dr Nag has trained a large number of officials and corporate managers in India and abroad on trade policy and development issues including quantitative tools to analyse developmental impact of policy change and international business. Debashis Chakraborty is Associate Professor of Economics at Indian Institute of Foreign Trade (IIFT), Kolkata. His research interests include international trade and WTO policy issues, RTAs, environmental sustainability considerations, economic development in India and India’s intra-industry trade (IIT) relations. Dr Chakraborty has completed a number of projects for the Government of India, corporate bodies and international agencies including World Bank, Commonwealth Secretariat and others. He has been involved in empirical economic research for more than a decade and extensively published his research articles in national and international refereed journals. He also has 11 volumes (including both co-authored and co-edited ones) to his credit. His co-edited volume entitled Trade, Investment and Economic Development in Asia: Empirical and Policy Issues has been published recently. Dr Chakraborty is currently working on the level and determinants of India’s IIT across sectors with partners and its implications on labour market outcomes. Of late, he is also focusing on the popularization of sustainability narrative among readers in wider forums. Dr Chakraborty is presently a co-editor of Foreign Trade Review (SAGE), which is a comprehensive forum for disseminating theoretical and empirical research on the issues related to international trade and investment. Over the years, Dr Chakraborty has been involved in training a large pool of government officials and corporate executives on trade policy and competitiveness analysis, and the application of quantitative techniques to form future policy decisions.

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