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Interpreting Trade Statistics in Regulated and Deregulated Markets - An Analytical Exercise Based on Indian Experience

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  • Biswas, Amit K.
  • Marjit, Sugata

Abstract

Trade statistics reported through the official sources may not provide the right information because a regulated system does not induce truthful revelation. Hence, policy prescriptions or evaluations based on official statistics can be misleading. We adopt the well-known methodology of utilising partner country statistics to reflect on the consequences of devaluations of Indian rupee in 1960s and 1990s on exports, imports and Balance of Trade. First tractable analytical results are developed and then attempts are made to match them with the empirical evidence.

Suggested Citation

  • Biswas, Amit K. & Marjit, Sugata, 2003. "Interpreting Trade Statistics in Regulated and Deregulated Markets - An Analytical Exercise Based on Indian Experience," Conference papers 331070, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:331070
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    References listed on IDEAS

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