Econometric assessment of a European and Indian free trade agreement
- This article focuses on potential economic implications of a free trade agreement (FTA) between the European Union (EU) and the Indian Federation. The economic implications are evaluated by estimating an Extended gravity model for all existing FTAs with the Indian Federation. Moreover, we control for the trade contribution of EU member countries in our econometric model during the period from 1990 until 2008. The results show a significant increase in trade, if there is a free trade agreement between India and another country. Interestingly, we find that India has the largest positive impact from FTAs with more advanced economies. Thus, we reaffirm the potential benefits of trade relationships between the EU and India.
Author of HS Reutlingen | Herzog, Bodo |
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URN: | urn:nbn:de:bsz:rt2-opus4-603 |
DOI: | https://doi.org/10.11648/j.jwer.20140301.12 |
ISSN: | 2328-773X |
eISSN: | 2328-7748 |
Erschienen in: | Journal of world economic research |
Publisher: | Science Publishing Group |
Place of publication: | New York |
Document Type: | Journal article |
Language: | English |
Publication year: | 2014 |
Tag: | European Union; India; free trade agreement; gravity model |
Volume: | 3 |
Issue: | 1 |
Page Number: | 7 |
First Page: | 8 |
Last Page: | 14 |
DDC classes: | 330 Wirtschaft |
380 Handel, Kommunikation, Verkehr | |
Open access?: | Ja |
Licence (German): | Creative Commons - Namensnennung |