Determinants of India's Manufactured Exports to South and North: A Gravity Model Analysis

Authors

  • Suresh K G IBS Business School,Dehradun
  • Neeraj Aswal Faculty of Science and technology, ICFAI University,Dehradun,India

Abstract

We have analysed the determinants of India’s manufactured exports to its southern (developing countries) and northern (developed countries) markets. We employed an augmented gravity model to examine the determinants of India’s exports. The analysis shows that India’s exports to south and north is explained by the new trade theory variables like total GDP, GDP similarity and the difference in percapita income as an indicator of Heckschor-Ohlin theory of trade. However the distance is more negatively affecting India’s exports to north than the southern market as the proximity to southern market is helping India’s exports to grow in south.

Keywords: South-South trade; South-North trade; Gravity model.

JEL Classifications: F1; F14

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Author Biographies

Suresh K G, IBS Business School,Dehradun

Mr.Suresh KG is at IBS Business school, Dehradun ,India. His area of interest include international trade and international finance. He has published widely in journals such as Economic Modelling, Journal of Economic Studies, Transition Studies review, Journal of Quantittaive Economics etc.

Neeraj Aswal, Faculty of Science and technology, ICFAI University,Dehradun,India

Dr.Neeraj Aswal is currently working as Assistant Professor in Faculty of Science and technlogy at ICFAI UNiversity,Dehradun,India. His area of interest include international trade and ecological economics . 

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Published

2013-12-25

How to Cite

K G, S., & Aswal, N. (2013). Determinants of India’s Manufactured Exports to South and North: A Gravity Model Analysis. International Journal of Economics and Financial Issues, 4(1), 144–151. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/664

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