This book discusses the developments in trade theories, including new-new trade models that account for firm level trade flows, trade growth accounting using inverse gravity models (including distortions in gravity models), the impact of trade liberalization under the aegis of regional and multilateral liberalization efforts of economies using partial and general equilibrium analysis, methodologies of constructing ad valorem equivalents of non-tariff barriers, volatility spillover effects of financial and exchange rate markets. The main purpose of the book is to guide researchers working in the area of international trade, especially focused on empirical analysis of trade policy issues by updating their knowledge on issues related to trade theory, empirical methods, and their applications. The book would prove useful for policy makers, academicians, and researchers.

Proposes new perspectives in Trade Policy Research and discusses development in trade theory and gravity modeling to date Offers insights into trade, finance and economy wide relations across regions, using partial and general equilibrium analysis and econometric models Provides insights into the direction that the Indian economy can take so as to be main thrust player for world economy growth

Autorentext

Somesh K. Mathur is Professor of Economics in the Department of Humanities and Social Sciences at Indian Institute of Technology Kanpur, India. He has published in journals like Review of International Economics, World Economy, Geneva Papers on Risk and Insurance, Economic and Political Weekly, Journal of Quantitative Economics, Global Economy Journal, and more.

Rahul Arora is a Ph.D. student in Economics in the Department of Humanities and Social Sciences, Indian Institute of Technology Kanpur, India. His broader area of research is Quantitative analysis of International Trade.

Sarbjit Singh is a Ph.D. student in Economics in the Department of Humanities and Social Sciences, Indian Institute of Technology Kanpur, India. His broader area of research is Quantitative analysis of International Trade.

Inhalt

1. Introduction.- 2. Developments in International Trade Theory and Gravity Modelling.- 3.Revisiting Strategic Trade Theory.- 4. A Model of International Entry and Exit with Endogenous Sunk Costs in Vertical Markets.- 5. Trade Growth Accounting in Goods and Services: An Empirical Exercise.- 6. Calculation of Ad Valorem Equivalents of Non-Tariff Barriers: A Case Study of 16 RCEP Countries.- 7. Bilateral Trade Costs and Growth of Trade in Services: A Comparative Study of India and China.- 8. Theoretical Exposition of Some Ex-Ante Approaches to Assess the Proposed Trade Policy.- 9. Assessment of Impact of Food-Safety Measures on Exports: A Gravity and CGE Analysis Focusing on India.- 10. Gains from India-GCC Free Trade Agreement: A General Equilibrium (AGE) Analysis.- 11. Lebanon's Accession to the WTO: An Ex-Ante Macroeconomic Impact Assessment.- 12.Goods Trade Liberalization under Canada-India FTA and Its Impact: Partial and General Equilibrium Analysis.- 13. Estimating the Impactof Technical Barriers to Trade: The Case of Perfumes and Toilet Waters in Ecuador.- 14. Does Trade Openness Increase Wage Elasticity of Labour Demand in Indian Manufacturing Industries?.- 15.An Analysis of Dynamic Spillover in India's Forex Derivatives Markets.- 16. Future Avenues in Trade Policy Research.