This study shows that intermediate goods will be more affected (both adversely and favourably) than final goods due to ASEAN–India FTA. Other interesting conclusions include tariffs do not matter at all for a major part of the industries and for them the agreement has no significance. In fact, some of the most debated commodities fall in this category. For them though tariff rates have steadily increased over time, so has imports imparting a wrong sign to the tariff elasticity which means that reasons other than tariffs determine their imports and there is no point in putting them in the sensitive or exclusion list.
The world today is facing a major challenge in adjusting to the adverse effects of the Coronavirus (COVID-19) spread. Meeting the demand for several key drugs and preventive medical supplies has emerged as major concern in many countries. India has over the years consolidated its position as a major producer and exporter of not only bulk drugs and formulations but also other medical provisions and equipment. The present commentary makes an attempt to understand the possible trade opportunities for India’s pharmaceutical sector in light of the recent export policy interventions. An analysis of the recent export policy adjustments reflects the evolving attitude of the country towards domestic risk perception and commitment to support other countries. The trade opportunities for India are analysed next with the help of select trade indices, and it appears that there is significant scope for enhancing India’s global competitiveness in several product groups. The evolving trends have then been judged by exploring their plausible implications from a theoretical standpoint. It has been concluded that in order to meet the growing world demands for these products, India needs to enhance productivity of the upstream segments through a rigorous policy framework. JEL: F10, F13, I18
This article considers a planner's optimum control exercise with environmental pollution and derives a testable link between the growth rates of consumption and pollution. The link is then empirically estimated for the case of CO 2 emissions for a sample consisting of the union of top 25 countries in terms of CO 2 emissions, population and per capita GNP. The analysis suggests that the interrelationship between the growth rates of CO 2 emission and economic development is mostly significant for countries that have a high level of CO 2 emissions and population.
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