2016
DOI: 10.1177/0015732515616545
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Mega External Preferential Trade Agreements and Their Impacts on Indian Economy

Abstract: This study examines the impacts on India of three mega external preferential trading agreements (PTAs) from which the country is excluded using the Global Trade Analysis Project (GTAP) model combined with POVCAL poverty analysis tool. The simulation results show that each of these PTAs cause considerable trade diversion. However, the impacts on India's trade flows, domestic output, returns to factors, aggregate welfare, inequality and poverty levels are rather small. In contrast, multilateral trade liberalizat… Show more

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Cited by 10 publications
(8 citation statements)
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“…For India, Ganesh‐Kumar and Chatterjee () and Narayanan and Sharma () find small impacts. The former uses POVCAL in conjunction with CGE simulation and identifies small increases in poverty and income inequality as a result of the agreement.…”
Section: Results and Implicationsmentioning
confidence: 99%
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“…For India, Ganesh‐Kumar and Chatterjee () and Narayanan and Sharma () find small impacts. The former uses POVCAL in conjunction with CGE simulation and identifies small increases in poverty and income inequality as a result of the agreement.…”
Section: Results and Implicationsmentioning
confidence: 99%
“…(), who allow for regional variation in key parameters, and Cabinet Secretariat () and USITC (), who introduce an elastic labour supply, to the more substantive changes in Akgul, Villoria, and Hertel (), who introduce firm heterogeneity in an interesting proof of concept. Examples of linking GTAP results to other models include Ganesh‐Kumar and Chatterjee (), who use the World Bank's POVCAL tool in conjunction with CGE simulation to assess poverty impacts.…”
Section: Overview Of the Modelling Approachesmentioning
confidence: 99%
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