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INDIA'S REVEALED COMPARATIVE ADVANTAGES IN MERCHANDISE TRADE WITH COUNTRY GROUPS AT DIFFERENT LEVELS OF DEVELOPMENT
Author(s) -
Goswami Binoy,
Nath Hiranya K.
Publication year - 2021
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/coep.12505
Subject(s) - clothing , comparative advantage , disadvantage , revealed comparative advantage , business , international economics , product (mathematics) , economics , food products , agricultural economics , international trade , geography , biology , food science , political science , geometry , mathematics , archaeology , law
The comparative advantage (CA) measures for India's merchandise trade with high, middle income, and least developed countries, based on annual trade data for 16 product groups from 2003 to 2018, indicate that India has always had CA over all three groups in animal, food products, and textiles and clothing, and comparative disadvantage (CDA) in wood. Further, its CA over least developed countries and its CDA over middle income countries are more persistent than over other groups. The probabilities of switching from CDA to CA are higher than those for shifting from CA to CDA for all three groups. ( JEL F14, O24, O57)