Suchergebnisse

This article aims to identify the main determinants of annual export flow among BRICS countries through the estimation of panel data from 1992 to 2018. The estimated results suggest that gross domestic product (GDP) and trade openness among other factors can explain export flow among BRICS countries. The most important finding of the study is that the formation of BRICS has exercised a negative and significant impact on bilateral trade among member countries. This study also found that the intra-industry trade dominates the intra-BRICS trade. Finally, the study found that the geographical distance between countries might be a factor for impeding trade among member countries. Thus, this study highlights the importance of increasing economic cooperation among these countries in terms of developing infrastructure, signing of free trade agreement (FTA) and increasing people-to-people contacts. JEL Codes: F00, F15, C23, F13

The present study aims to examine the nexus between geopolitical risk and foreign tourist arrivals in India. In addition, other variables which impact tourist arrival in other parts of the world have also been included. To achieve the objectives of the study, the auto-regressive distributed lag (ARDL) model propounded by Pesaran et al. has been applied using quarterly data from 2001: Q1 to 2019: Q4. The findings of the study reveal that geopolitical risk negatively affects foreign tourist arrival in India. Besides, the study also captures the income and price determinants as propounded by classical economists. JEL Codes: C500; P0; Z30

This study aims to investigate the relation between globalisation, which includes foreign direct investment (FDI), exports, imports, foreign remittances and economic growth in India. To achieve the said objective, Autoregressive Distributed Lag bounds testing approach has been utilised. The study indicates that imports and FDI positively affect economic growth in India. On the other hand, exports and foreign remittances have negative and significant relationship with economic growth. This suggests that exports and foreign remittances take more time to spillover positive impact on economic performance of India. The findings suggest that FDI should be encouraged to promote exports, export-led growth and joint ventures with foreign investors in the country. JEL Codes: F30, F10, F10, F24, C22