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

De, Prabir; Neogi, Chiranjib

doi:10.2139/ssrn.1881523

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

ADBI Working Paper No. 294

78 Pages Posted: 14 Jul 2011

See all articles by Prabir De

Prabir De

Research and Information System for Developing Countries (RIS)

Chiranjib Neogi

Indian Statistical Institute, New Delhi - Economic Research Unit

Date Written: July 8, 2011

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.

Keywords: India Trade Industry, Indian Industry, India Manufacturing Sector, India External Trade, Global Economic Crisis

JEL Classification: F02, F13, F17, F42, F47, L6, L7

Suggested Citation: Suggested Citation

De, Prabir and Neogi, Chiranjib, Global Financial and Economic Crisis: Implications for Trade and Industrial Restructuring in South Asia (July 8, 2011). ADBI Working Paper No. 294, Available at SSRN: https://ssrn.com/abstract=1881523 or http://dx.doi.org/10.2139/ssrn.1881523