India's Trade Analytics
Patterns and Opportunities
- Biswajit Nag - Professor of Economics, Indian Institute of Foreign Trade (IIFT), New Delhi
- Debashis Chakraborty - Associate Professor of Economics, Indian Institute of Foreign Trade (IIFT), Kolkata
Provides a structured application of major concepts and methodologies in trade analytics, geared towards identification of export markets and products as well as their competitiveness.
Designed as a practical guide for management graduates, researchers, corporate executives and policy-makers, India’s Trade Analytics familiarizes the readers with various technical approaches to the analysis of international trade flows, market identification and competitiveness measurement procedures. The book also addresses emerging issues in international trade patterns along with the description of standard trade indices and trade modelling techniques. It aims to enable the readers to adopt modelling and analytical tools as relevant to their research problem.
The chapters are closely woven with India’s trade issues at both macro and micro levels. While the macro aspects include the analysis at the country level (i.e., overall trade indices for India involving its trade partners), the product-specific analysis (e.g., competitiveness for individual export items from India at disaggregated level) is conducted in the micro discussions.
Key Features:
• Critical analysis of data drawn from important multilateral trade databases.• Application of crucial methodologies like ex post and ex ante analyses, and partial and general equilibrium models, along with in-depth interpretation of the derived output (e.g., competitiveness analysis, effect of tariff reform) for partner markets.
• Discussion on identifying the non-tariff barriers (NTBs).
• Explains the role of trade facilitation measures and trade costs in international business.
This book’s lasting achievements may lie not in highlighting the trade theories and their real-world complexities. Instead, the authors have used required analytical tools and techniques to explore many policy objectives. It takes many of the themes and then turns them into a strong narrative and powerful argument. The students of economics and management programmes cannot escape such empirical insights.
This comprehensive volume fills a much-needed space in the field of trade analytics. The focus on analysis that is rooted in the underlying trade institutions enables the reader to better understand the realities of global trade while picking up the fine nuances of analytics. It is a much-needed volume for both advanced students and practitioners.
This book is a timely contribution to the trade literature where, increasingly, quantitative analysis has become important. This book exposes the reader to modelling tools and techniques, and applies them to different sectoral and geographic contexts as well as a range of topical issues such as free trade agreements (FTAs), non-tariff measures (NTMs), global value chains and trade facilitation. It promises to be a valuable resource for trade researchers, students, policymakers and industry.
This is an excellent initiative to put together the critical dimensions of international trade that serious students of the subject need to know. The hallmark of the volume is the creative way in which conceptual issues have been connected with the analytical tools generally used by the researchers in this area. I am glad that Professors Nag and Chakraborty have encapsulated their years of teaching and research experience in this volume.
It is a much-awaited comprehensive and theoretically backed empirical treatment of all the emerging issues in trade, making it an essential read for all those engaged in research, policymaking and teaching/training on trade-related issues.
This most comprehensive volume enables the readers to understand the quantitative analysis of international trade issues in an economy-wide framework. It is most contemporary and covers critical issues such as the impact of exchange rate movements, non-tariff barriers and trade facilitation measures. It is highly recommended for all graduates and research students.
While the implications of international trade received renewed interests around the world, the chapters of this book are crafted to deal with the emerging issues and to highlight the findings and opportunities based on the detailed information, scientific methodology, in-depth analysis and anecdotal evidence that would definitely satisfy the wide-ranging interests of students, scholars, academics and policymakers concerned for the Indian economy and development.
The current volume comprehensively covers all the major empirical methodologies that can be applied for evaluating trade policy outcomes. The book would be a crucial resource for teaching community, academic researchers, trade analytics professionals and policymakers alike. I am glad to know that the book editors and authors have covered areas such as global value chains, restrictions defining trade in services, evaluating RTAs though partial and general equilibrium methodologies, CMS and trade growth accounting, factors determining exchange rate movements, identifying and measuring non-tariff barriers and trade facilitation measures, among other topics.
Nag and Chakraborty had a difficult job of presenting a set of trade-related issues that are rich in policy content, while maintaining their analytical rigour. They performed this task carefully, cohesively and competently. With a focus on foreign trade in India, they have covered issues as diverse as trade indicators, trade diversification, trade facilitation, services trade and long-term trade policy modelling. In this day and age of deglobalization, the book is a must read for students, teachers and policymakers who have interest in international trade.
The book is a much-desired combination of theory and empirics in the context of India’s trade. The traditional textbooks most often deal with theoretical concepts which are not always supported by data and empirical analysis. This is more felt while one tries to relate existing theories with the performance of India’s international trade. The book has chapters on how to interpret trade data, which types of indices are most relevant with examples, sector-wise trade issues with elaboration on theoretical concepts along with partial and general equilibrium modelling and their applications in the context of India’s international trade. The book certainly will be a useful addition to students and researchers pursuing applied international trade issues, especially in the context of India and to the policy designers involved in trade negotiations for India.