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Global Financial and Economic Crisis: Implications for Trade and Industrial Restructuring in South Asia

Author

Listed:
  • De, Prabir

    (Asian Development Bank Institute)

  • Neogi, Chiranjib

    (Asian Development Bank Institute)

Abstract

This study investigates the impact of global crisis shocks on India's trade and industry. The authors use panel data modeling and vector autoregression techniques to understand the dynamic effects of global crisis shocks on Indian industry and trade. Changes in trade composition are positively associated with changes in manufacturing composition in India, controlling for other variables. However, there is no strong indication that Indian industry has been severely harmed by the fall in demand in crisis-affected advanced economies such as the United States, the European Union, and Japan, holding other things constant.

Suggested Citation

  • De, Prabir & Neogi, Chiranjib, 2011. "Global Financial and Economic Crisis: Implications for Trade and Industrial Restructuring in South Asia," ADBI Working Papers 294, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0294
    as

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    File URL: http://www.adbi.org/files/2011.07.08.wp294.gfec.implications.trade.industrial.south.asia.pdf
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    References listed on IDEAS

    as
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    5. Prabir De, 2009. "Global economic and financial crisis: India’s trade potential and future prospects," Working Papers 6409, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    6. Ito, Takatoshi & Krueger, Anne O. (ed.), 2000. "The Role of Foreign Direct Investment in East Asian Economic Development," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226386751, August.
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    9. Masahiro Kawai & Shinji Takagi, 2011. "Why Was Japan Hit So Hard by the Global Financial Crisis?," Chapters, in: Daigee Shaw & Bih Jane Liu (ed.), The Impact of the Economic Crisis on East Asia, chapter 7, Edward Elgar Publishing.
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    More about this item

    Keywords

    india trade industry; indian industry; india manufacturing sector; india external trade; global economic crisis;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • L70 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - General

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