Identifying Suitability of Commodities for Trade among Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Nations: An Application of Revealed Comparative Advantage Approach.

Author(s)

Amit Bikram Chowdhury , Debasis Neogi ,

Download Full PDF Pages: 15-27 | Views: 342 | Downloads: 91 | DOI: 10.5281/zenodo.3464779

Volume 5 - May 2016 (05)

Abstract

Diminution of trade barriers forms vicious strains and the potential for technology to move so as to escort to productivity gains and restructuring of an economy toward its comparative advantage. Further, a country’s comparative advantage in international trade may be influenced by differential rates of change in accumulation of production factors or due to the increased trade integration of other countries. The BIMSTEC countries have long shared common objectives for closer economic integration within the SouthEast Asian region. This paper is an attempt to systematic evaluation of the nature and changes of revealed comparative advantage of BIMSTEC countries from 1997-98 to 2012-13 for 16 major commodity groups as identified by WTO. The analysis of comparative advantage has been undertaken using the Balassa (1965) index of revealed comparative advantage

Keywords

Asia, BIMSTEC, Exports, Imports, RCA.

References

  1. Mukherjee, S. (2012), Overview of India’s Export Performance: Trends And Drivers” Working paper No. 4423, Development Research Group, the World Bank, December.
  2. Lim, Kang-Taeg (1997), Analysis of North Korea’s Foreign Trade by Revealed Comparative Advantages, Journal of Economic Development, Vol. 22, No. 2, pp.97-117.
  3. Li, Kui-Wai and Siegfried Bender (2003), Relative Advantage of Manufacture Exports Among World Regions: 1981-1999, APEC Study Center Consortium Annual Conference, Phuket, Thailand.
  4. Ferto, Imre and Lionel J. Hubbard (2002), Revealed Comparative Advantage and Competitiveness in Hungarian Agri-Food Sectors, Institute of Economics, Hungary Academy of Sciences, Budapest, Discussion Paper Series 2002/8.
  5. Smyth, Diarmaid Addison (2005), Ireland’s Revealed Comparative Advantage, Quarterly Bulletin, Central Bank of Ireland, Dublin, No.1, pp.101-114.
  6. Brakman, Steven, Harry Garretsen and Charles Van Marrewijk (2005), Cross-Border Mergers and Acquisitions: On Revealed Comparative Advantage And Merger Waves, Working Paper Series No. 1602, CESifo, Munich, Germany.
  7. Batra, Amita and Zeba Khan (2005), Revealed Comparative Advantage: An Analysis for India and China, Working Paper No. 168, Indian Council for Research on International Economic Relations (ICRIER), New Delhi.
  8. http://www.jetro.go.jp/bangladesh/Services_Activities/Export_Japan/
  9. http://www.business.vic.gov.au/export/choose-an-export-market/china
  10. Bhalla G.S. (2002), Globalisation and Agricultural Liberalisation in India, A Study Sponsored by Ministry of Agriculture, Government of India, CSRD, Jawaharlal Nehru University, New Delhi.
  11. ICMM (2009b), Sustainable Development in the Mining and Minerals Sector: The Case for Partnership at Local, National and Global Levels. Resource Endowment initiative. Available at www.icmm.com
  12. Agarwal, A (2001), Liberasation, Multinational Enterprise and Export performance: Evidence From Indian Manufacturing”, The Journal of Development Studies,38;3,119-137.
  13. http://www.theguardian.com/world/bangladesh
  14. http://www.mof.gov.bd/en/index.php?option=com_content&view=article&id=72&Itemid
  15. https://www.google.co.in/?gws_rd=ssl#q=bangladesh+chemical+industry
  16. https://www.google.co.in/?gws_rd=ssl#q=bangladesh+textile
  17. http://www.worldbank.org/en/country/myanmar/overview
  18. http://www.mining.com/tag/myanmar/
  19. http://www.heritage.org/index/country/Sri Lanka
  20. http://www.adb.org/countries/sri-lanka/economy
  21. http://countrystudies.us/sri-lanka/52.htm
  22. http://www.indexmundi.com/nepal/economy_profile.html
  23. http://www.usaid.gov/bhutan/economic-growth-and-trade
  24. http://www.tradingeconomics.com/indicators
  25. http://www.economywatch.com/world_economy/bhutan
  26. http://countrystudies.us/thailand/61.htm
  27. http://bic.thaiembassy.sg/node/44

Cite this Article: