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India's trade balance in the 1980s an econometric analysis

Author

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  • D. M. Nachane
  • Prasad Ranade

Abstract

The paper is an examination of India's trade balance in the 1980s. The approach attempted is of examining the bilateral trade balances of India with nine trading partners from the non-communist bloc. The long-run equilibrium relations are studied via two VAR models in Johansen's multivariate cointegration framework. Five hypotheses of interest are singled out for attention. The nominal and real exchange rates consistently emerge as important influences on the trade balance. However, as the exchange rates fail weak exogeneity tests, policy implications are not clear cut.

Suggested Citation

  • D. M. Nachane & Prasad Ranade, 1998. "India's trade balance in the 1980s an econometric analysis," Applied Economics, Taylor & Francis Journals, vol. 30(6), pages 761-774.
    • Handle: RePEc:taf:applec:v:30:y:1998:i:6:p:761-774
    DOI: 10.1080/000368498325462
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    References listed on IDEAS

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    1. Anne O. Krueger, 1983. "Trade and Employment in Developing Countries, Volume 3: Synthesis and Conclusions," NBER Books, National Bureau of Economic Research, Inc, number krue83-1.
    2. Anne O. Krueger, 1978. "Foreign Trade Regimes and Economic Development: Liberalization Attempts and Consequences," NBER Books, National Bureau of Economic Research, Inc, number krue78-1.
    3. Anne O. Krueger, 1983. "Trade and Employment in Less Developed Countries: The Questions," NBER Chapters, in: Trade and Employment in Developing Countries, Volume 3: Synthesis and Conclusions, pages 1-9, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Mohsen Bahmani--Oskooee & Scott W. Hegerty & Jia Xu, 2013. "Exchange--rate volatility and US--Hong Kong industry trade: is there evidence of a 'third country' effect?," Applied Economics, Taylor & Francis Journals, vol. 45(18), pages 2629-2651, June.

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