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Full Description
This book unravels the complex spectrum of trade policy in India, with the help of partial and general equilibrium models. It evaluates India's recent trade deals with the UAE, Australia, European Free Trade Area (EFTA) and Mauritius, among others.
Using applied general equilibrium methods to analyse recent debates about the conduct of India's trade policy, this book aims to present how the barriers to trade have been affecting the trade flows. It further presents a set of large-scale computable general equilibrium simulation of the effects of changes in trade barriers. It also explores India's need to deal strategically with China and provide different economic solutions, despite the conflicts along their international borders. Moreover, it focuses on how India, through its trade orientation, needs to manage its natural resources and deal with the land scarcity.
The volume will be of interest to scholars and researchers of international trade and finance, business and economics, and econometrics. It will also be of interest to foreign trade experts, researchers, policy makers, government officials, among others.
Contents
1. Introduction 2. Gravity Models: Overview and Chronological Developments 3. Computable General Equilibrium Models: Origin, Development, and Current Scenario 4. Applied Computable General Equilibrium Models and Its Applications 5. Gains from Free Trade Agreements and the Role of Tradable Commodity Baskets: A Theoretical Analysis 6. Revitalizing APTA: Evaluating Japan's Inclusion and India's Omission 7. Evaluation of ASEAN-India Free Trade Regime: A General Equilibrium Approach 8. An Ex-Ante Evaluation of India's Recent Trade Agreements with the UAE: A Computable General Equilibrium Analysis9. An Ex-Ante Evaluation of Indo-Pacific Economic Framework: A General Equilibrium Analysis 10. Ex-Ante Evaluation of India's Trade Alliance with Indo-Pacific Region: A General Equilibrium Analysis 11. India's Alignment with RCEP and CPTPP: Gains and Losses through General Equilibrium Analysis 12. Assessment of Possible Economic Alignment between G20 Nations with Special Focus on India, G7 and G12: A General Equilibrium Analysis 13. Impact of Input and Output Oriented Technological Progress with Structural Transformation in India, China and Japan: A General Equilibrium Analysis 14. Re-imagining ASEAN: Analyzing the Trade Effects of India and Japan's Participation in the ASEAN Framework using a Structural Gravity Model 15. Conclusions and Policy Implications
