This paper studies the links between pricing to market (PTM) and trade liberalization using data for India's exports (at the 4-digit level of classification) during the economic reforms period (1992-2005). We estimate a PTM model for exports to the G3 and three other emerging markets (Brazil,...

In the 1990s, India initiated extensive policy reforms that included the adoption of a flexible exchange rate regime and an acceleration of trade liberalization. This paper analyzes the impact of the policy reforms on exchange rate pass-through into export prices using sectoral panel data (at...