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Econometric Assessment of a European and Indian Free Trade Agreement

Received: 27 March 2014     Accepted: 11 April 2014     Published: 20 April 2014
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Abstract

This article focuses on potential economic implications of a free trade agreement (FTA) between the European Union (EU) and the Indian Federation. The economic implications are evaluated by estimating an extended gravity model for all existing FTAs with the Indian Federation. Moreover, we control for the trade contribution of EU member countries in our econometric model during the period from 1990 until 2008. The results show a significant increase in trade, if there is a free trade agreement between India and another country. Interestingly, we find that India has the largest positive impact from FTAs with more advanced economies. Thus, we reaffirm the potential benefits of trade relationships between the EU and India

Published in Journal of World Economic Research (Volume 3, Issue 1)
DOI 10.11648/j.jwer.20140301.12
Page(s) 8-14
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2014. Published by Science Publishing Group

Keywords

EU-India, Free Trade Agreement, Gravity Model, JEL Classification: F14, F15, F43, O43

References
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Cite This Article
  • APA Style

    Bodo Herzog, Preeta George. (2014). Econometric Assessment of a European and Indian Free Trade Agreement. Journal of World Economic Research, 3(1), 8-14. https://doi.org/10.11648/j.jwer.20140301.12

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    ACS Style

    Bodo Herzog; Preeta George. Econometric Assessment of a European and Indian Free Trade Agreement. J. World Econ. Res. 2014, 3(1), 8-14. doi: 10.11648/j.jwer.20140301.12

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    AMA Style

    Bodo Herzog, Preeta George. Econometric Assessment of a European and Indian Free Trade Agreement. J World Econ Res. 2014;3(1):8-14. doi: 10.11648/j.jwer.20140301.12

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  • @article{10.11648/j.jwer.20140301.12,
      author = {Bodo Herzog and Preeta George},
      title = {Econometric Assessment of a European and Indian Free Trade Agreement},
      journal = {Journal of World Economic Research},
      volume = {3},
      number = {1},
      pages = {8-14},
      doi = {10.11648/j.jwer.20140301.12},
      url = {https://doi.org/10.11648/j.jwer.20140301.12},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20140301.12},
      abstract = {This article focuses on potential economic implications of a free trade agreement (FTA) between the European Union (EU) and the Indian Federation. The economic implications are evaluated by estimating an extended gravity model for all existing FTAs with the Indian Federation. Moreover, we control for the trade contribution of EU member countries in our econometric model during the period from 1990 until 2008. The results show a significant increase in trade, if there is a free trade agreement between India and another country. Interestingly, we find that India has the largest positive impact from FTAs with more advanced economies. Thus, we reaffirm the potential benefits of trade relationships between the EU and India},
     year = {2014}
    }
    

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    T1  - Econometric Assessment of a European and Indian Free Trade Agreement
    AU  - Bodo Herzog
    AU  - Preeta George
    Y1  - 2014/04/20
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    DO  - 10.11648/j.jwer.20140301.12
    T2  - Journal of World Economic Research
    JF  - Journal of World Economic Research
    JO  - Journal of World Economic Research
    SP  - 8
    EP  - 14
    PB  - Science Publishing Group
    SN  - 2328-7748
    UR  - https://doi.org/10.11648/j.jwer.20140301.12
    AB  - This article focuses on potential economic implications of a free trade agreement (FTA) between the European Union (EU) and the Indian Federation. The economic implications are evaluated by estimating an extended gravity model for all existing FTAs with the Indian Federation. Moreover, we control for the trade contribution of EU member countries in our econometric model during the period from 1990 until 2008. The results show a significant increase in trade, if there is a free trade agreement between India and another country. Interestingly, we find that India has the largest positive impact from FTAs with more advanced economies. Thus, we reaffirm the potential benefits of trade relationships between the EU and India
    VL  - 3
    IS  - 1
    ER  - 

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Author Information
  • Department of Economics, ESB Business School, Reutlingen University, Reutlingen, Germany

  • S.P. Jain Institute of Management & Research (SPJIMR), Bhavans College Campus, Mumbia, India

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