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An Empirical Evaluation of Intra-Bloc and Extra-Bloc Export Flows: A Study of Select South Asian Economies

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  • Rinku, Manocha

    (Hindu College, University of Delhi, Delhi, India)

Abstract

The present study examines the export determinants for South Asian region with a major focus on intra-bloc and extra-bloc trade flows over the period of 1991-2022. For capturing the impact of intra-regional bloc flows, the study incorporates intra-SAARC as explanatory variable. To study the extra-bloc export association, the study includes SAARC-APTA and SAARC-ASEAN as explanatory variables. Results for intra-SAARC bloc variable suggested that the South Asian bloc has failed to boost trade opportunities among South Asian economies. However, the results for SAARC-ASEAN and SAARC-APTA extra-bloc were found to be positive and significant indicating extra-bloc trade facilitation. Lack of trade opportunities among South Asian economies might have encouraged SAARC countries to look for East and South-East Asian trading partners. Moreover, policy initiatives to strengthen economic, cultural, and strategic relationships with East and South-East economies of Asia would have contributed to such realignment of trade towards ASEAN and APTA economies.

Suggested Citation

  • Rinku, Manocha, 2025. "An Empirical Evaluation of Intra-Bloc and Extra-Bloc Export Flows: A Study of Select South Asian Economies," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 40(1), pages 1-27.
    • Handle: RePEc:ris:integr:0932
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    More about this item

    Keywords

    Trade; ASEAN; SAARC; APTA;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General

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