Although India has been experiencing a significant trade deficit with respect to RCEP members, and therefore likely to be extremely cautious in terms of committing to any tariff liberalization under a formal RCEP agreement. This is mainly due to the fear that cheaper imports through RCEP will be...

In a unique attempt, our paper aims to provide a quantitative economic assessment of the impact of "Make in India", a flagship program for industrialization, launched by the Government of India in 2014, combining it with the global trade war of 2017-18. We analyze whether the expected favourable...

It is well known that high levels of regional integration enable portfolio risk diversification and capital mobility. While there have been a number of empirical attempts to verify the presence of capital mobility using the Feldstein-Horioka (FH) approach, none of them to the best of our...

The two most populous countries of the world have embarked upon an extensive array of preferential trading agreements in recent decades. This paper specifically investigates the impacts on trade creation and trade diversion of China's and India's 11 major preferential trade agreements using an...

This paper empirically investigates the state of trade interdependency for coronavirus disease (COVID-19) essential medical goods-vaccines and their value chains, personal protective equipment, and diagnostic test kits-across 29 Asia and the Pacific economies. Expanding on Hayakawa and Imai...

This paper analyses the current state of participation of India in the international production networks (IPNs) of manufacturing industries in Asia, and identifies the constraints and challenges for India's deeper participation in the near future. Using the disaggregated 5 digit SITC (Rev 3)...

The possible crucial role of international bank lending in transmitting adverse economic disturbance from developed economies to emerging economies in the 2008 - 2009 global financial crisis has placed capital flows into sharper scrutiny in academic and policy discussions. The authors construct...

This paper investigates sources and determinants of foreign direct investment (FDI) flows to developing Asia using bilateral FDI flows for the period 1990-2005. The Triad (composed of Japan, EU, and the US) has accounted for about 35-40% of FDI inflows to developing Asia in recent years, with...