Technological Intensity of Indian Exports and the Performance of Emerging Asian Economies

2018 ◽  
Vol 4 (1) ◽  
pp. 62-77
Author(s):  
Mohd. Fayaz ◽  
Sandeep Kaur Bhatia
Keyword(s):  
Emerging Economies ◽  
World Trade ◽  
Emerging Countries ◽  
High Tech ◽  
Open Door ◽  
The World ◽  
Asian Economies ◽  
Technological Base ◽  
Technological Barriers ◽  
Technological Intensity

The increasing share of technological-intensive products in the world trade has recognized technology and technological capabilities as a major factor for competitiveness and growth. Notably, the emerging countries are progressively becoming the exporters of the products that are technologically more intensive. Thus, the current study presents an analysis of Indian exports and the performance of emerging Asian economies in terms of technological intensity over the period 1980–2016. The study shows that the exports of all the said emerging economies have a large technological base owing to their significant investments in R&D and open-door policies. While the figures of India also show a steady though slow technological upgradation from low-tech to medium-tech and high-tech exports but when compared to the standards of these emerging economies, they are low. Thus, in order to increase the technological intensity of its exports, there is a need to invest more in high-tech and medium-tech R&D activities and overcome the technological barriers. There is also a need to devise the policies that would make a favorable environment for attracting more outward-oriented foreign direct investment (FDI).

scholarly journals Commodity price pass-through along the pricing chain

2021 ◽  
Author(s):  
Rebeca Jiménez-Rodríguez ◽  
Amalia Morales-Zumaquero
Keyword(s):  
Emerging Economies ◽  
Raw Materials ◽  
Commodity Prices ◽  
Commodity Price ◽  
Emerging Countries ◽  
Consumer Prices ◽  
Advanced Economies ◽  
The World ◽  
Producer Prices ◽  
Pass Through

AbstractThis paper analyses the commodity price pass-through along the pricing chain for the global commodity price index and the indices of its main categories (i.e., agricultural raw materials, food and beverages, energy and metals) in the world, advanced and emerging economies. To do so, the study considers country-by-country vector autoregression models and pool the results by taking weighted means for 18 advanced economies and 19 emerging countries, as well as for the world (defined as the sum of advanced and emerging economies). The results show the following: (i) there is evidence in favour of partial pass-through from commodity prices to producer prices, although the evidence for the pass-through to consumer prices is less evident; (ii) the pass-through in the world seems to be led by both advanced and emerging countries for producer prices and only by advanced economies for consumer prices; (iii) higher prices in the four categories (agricultural raw materials only in the short-run) induce significant higher producer prices in almost all cases, with shocks in the prices of energy and metals showing the largest effects; and (iv) energy prices explain the highest variability of producer and consumer prices.

The world economy

1998 ◽  
Vol 165 ◽  
pp. 35-42
Author(s):  
Nigel Pain
Keyword(s):  
Capital Market ◽  
World Trade ◽  
Global Economy ◽  
World Economy ◽  
Domestic Demand ◽  
The World ◽  
Asian Economies ◽  
Trade Growth ◽  
The Impact ◽  
The Capital Market

Developments in the Asian economies have clearly begun to be felt in the wider global economy in recent months. It has always been expected that the OECD economies would be affected by the aftermath of the capital market turmoil last year, although the timing and magnitude of the impact was difficult to predict. Domestic demand in the affected Asian economies has proved much weaker than expected, with the effects magnified by a continued downturn in Japan. GDP fell by 5¾ per cent in Korea in the first quarter of this year and by 1¼ per cent in Japan. The aggregate volume of merchandise imports in Asia is expected to decline by around 5½ per cent this year, with falls of up to 25 per cent in countries such as Korea, Thailand and Indonesia. This largely accounts for our projected decline in world trade growth to under 6 per cent this year from an estimated 9¾ per cent in 1997.

Financial development, human capital and its impact on economic growth of emerging countries

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Aaqib Sarwar ◽  
Muhammad Asif Khan ◽  
Zahid Sarwar ◽  
Wajid Khan
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Financial Development ◽  
Emerging Economies ◽  
Generalized Method Of Moments ◽  
Emerging Countries ◽  
Data Set ◽  
Content Type ◽  
The World ◽  
The Impact

Purpose This paper aims to investigate the critical aspect of financial development, human capital and their interactive term on economic growth from the perspective of emerging economies. Design/methodology/approach Data set ranged from 2002 to 2017 of 83 emerging countries used in this research and collected from world development indicators of the World Bank. The two-step system generalized method of moments is used to conduct this research within the endogenous growth model while controlling time and country-specific effects. Findings The findings of the study indicate that financial development has a positive and significant effect on economic growth. In emerging countries, human capital also has a positive impact on economic growth. Financial development and human capital interactively affect economic growth for emerging economies positively and significantly. Research limitations/implications The data set is limited to 83 emerging countries of the world. The time period for the study is 2002 to 2017. Originality/value This research contributes to the existing literature on human capital, financial development and economic growth. Limited research has been conducted on the impact of financial development and human capital on economic growth.

China, Emerging Economies, and the World Trade Order

1997 ◽  
Vol 46 (6) ◽  
pp. 1519
Author(s):  
Jeremy Brooks Rosen
Keyword(s):  
Emerging Economies ◽  
World Trade ◽  
The World

Effects of Cross-border Merger and Acquisition on the Operational Risk of US and Canadian Companies

2020 ◽  
pp. 097215091989509
Author(s):  
Bruno Lopes de Paula ◽  
Daiana Paula Pimenta ◽  
Ricardo Limongi França Coelho ◽  
Jaluza Maria Lima Silva Borsatto ◽  
Rafael Manoel de Oliveira
Keyword(s):  
Decision Making ◽  
Panel Data ◽  
Mergers And Acquisitions ◽  
Emerging Economies ◽  
Operational Risk ◽  
Merger And Acquisition ◽  
Emerging Countries ◽  
Cross Border ◽  
The World ◽  
The Relationship

The integration of the world economies is responsible for an increase in the number of cross-border mergers and acquisitions (M&A), together with the growing participation of companies from emerging countries in this type of investment. However, the area studies focus their analyses on the determinants, antecedents and profitability of the companies, leaving the effects of this type of business on the operational risk of the companies involved as a gap to be explored. To fill it, we used panel data regressions to identify the relationship between cross-border M&A and the operational risk of companies. The results indicate that acquiring companies based in emerging economies are the ones that suffer the most significant impacts on this type of business. As the implication, this study serves as a basis for the decision-making of the managers of the acquiring companies, being able to identify the risks of this activity and the ways of preventing them.

The World Economy

1998 ◽  
Vol 163 ◽  
pp. 3-3
Keyword(s):  
World Trade ◽  
World Economy ◽  
List Type ◽  
The World ◽  
Asian Economies

Outlook for 1998 •Asian fall-out on Western economies limited, provided no further setbacks•World trade to grow by 5.75 per cent and OECD output by 2.6 per cent•Japan the main loser with growth almost halved to 1.4 per cent because of Asia effect; a one in five chance of recession•US and EU to grow by 2.6 per cent•Recovery of smaller Asian economies quicker than anticipated: S.Korea to grow by 2 per cent•Fed to hold fire but short rates to rise by half a per cent in core EU•Dollar to peak in first quarter but subsequent decline modest•OECD inflation to decline, but no threat of deflation

scholarly journals FORUM SHOPPING EVIDENCE IN THE WORLD TRADE ORGANIZATION: A SOCIAL NETWORK ANALYSIS OF DISPUTES BETWEEN MEMBER STATES

2019 ◽  
Vol 17 (1) ◽  
pp. 175-194
Author(s):  
Kenyth Alves de Freitas ◽  
Bruno de Almeida Vilela ◽  
Rui Fernando Correia Ferreira ◽  
André Edson Ribeiro de Souza Aprigio
Keyword(s):  
European Union ◽  
World Trade Organization ◽  
World Trade ◽  
The United States ◽  
Emerging Countries ◽  
Central American ◽  
Forum Shopping ◽  
The European Union ◽  
The World ◽  
Trading Partners

The intensification of trade between countries has led to the need to regulate the conduct of trading partners. The World Trade Organization (WTO) forum emerged with the mission of arbitrating these disputes and making trade fairer. However, many countries choose not to participate in this forum because of the financial and legal resources required to conduct the proceedings. The purpose of this research was to verify how the relations within the WTO were configurated in 2014. We identified the dichotomy between central and emerging countries through the concept of forum shopping. The most important actors in the network were shown to be the United States and the European Union, whereas small economies had low participation, especially African and Central American countries. Thus, this study shows that many WTO’s members do not use its forum, which allows inferring they choose regional forums due to the restriction of resources.

scholarly journals India's pharmaceutical industry: hype or high tech take-off?

2004 ◽  
Vol 28 (2) ◽  
pp. 182 ◽  
Author(s):  
Prabodh Malhotra ◽  
Hans Lofgren
Keyword(s):  
Pharmaceutical Industry ◽  
World Trade Organization ◽  
World Trade ◽  
Large Scale ◽  
Global Markets ◽  
High Tech ◽  
Competitive Strength ◽  
The World ◽  
Low Costs ◽  
Indian Pharmaceutical Industry

India has built a large pharmaceutical industry through an array of measures in support of domestic firms. The absence of product patents enabled Indian companies to become world leading producers of generic versions of patented drugs. Low costs and a strong engineering tradition continue to sustain competitive strength. The implementation of the World Trade Organization patent regime in 2005 is driving a transformation of the industry. Key elements of the present shake-up include the return of ?big pharma? companies on a large scale and the emergence of several Indian firms that aim to become fullyfledged research-based multinationals. This article provides a description of the development and structure of the Indian pharmaceutical industry and explores questions and challenges arising from its integration into global markets.

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