scholarly journals Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia

2020 ◽  
Vol 12 (20) ◽  
pp. 8341 ◽  
Author(s):  
Muntasir Murshed ◽  
Haider Mahmood ◽  
Tarek Tawfik Yousef Alkhateeb ◽  
Suvajit Banerjee
Keyword(s):  
Renewable Energy ◽  
South Asia ◽  
South Asian ◽  
Energy Transition ◽  
Trade Integration ◽  
Tourism Demand ◽  
The South ◽  
Regional Trade ◽  
Inbound Tourism ◽  
Asian Economies

This paper aims to evaluate the overarching relationships between International Inbound Tourism Demand (IITD), regional trade integration and Renewable Energy Transition (RET) in the context of selected South Asian economies between 1990 and 2016. The results from the panel data econometric analyses, accounting for cross-sectional dependency and slope heterogeneity issues, showed that higher degrees of intra-regional trade between the South Asian economies exert positive impacts on the IITD in South Asia. Similarly, undergoing a RET was found to stimulate the IITD further. Besides, the joint favorable impacts of regional trade integration and RET on South Asia’s IITD were also ascertained. Therefore, these findings impose key policy implications concerning the pertinence of strengthening regional trade cooperation between the South Asian neighbors and boosting renewable energy consumption for enhancing the IITD further.

scholarly journals Regional Economic Integration in South Asia: The Way Forward

2004 ◽  
Vol 43 (4II) ◽  
pp. 959-974
Author(s):  
Musleh-ud Din ◽  
Shahbaz Nasir
Keyword(s):  
South Asia ◽  
South Asian ◽  
Economic Integration ◽  
Developing Economies ◽  
Economic Cooperation ◽  
Regional Economic Integration ◽  
The South ◽  
Regional Trade ◽  
Regional Economic ◽  
Asian Economies

Like many developing economies, the South Asian countries are opening-up their economies with a view to accelerating their economic growth through greater trade and investment. In this context, attempts have also been made to encourage regional trade under the aegis of the South Asian Association for Regional Cooperation (SAARC). In particular, the South Asian Preferential Trade Agreement (SAPTA) provides for reductions in tariffs and other restrictions on specific commodities on a reciprocal basis, and the eventual objective is to integrate the South Asian economies into a free trade area through SAFTA, which would come into force on January 1, 2006. However, despite greater attention on regional economic cooperation initiatives, there has been little progress in regional trade expansion: intra-regional trade continues to be minimal, not exceeding 5 percent of the total trade of the South Asian economies. This paper highlights the importance of regional economic integration in South Asia as elsewhere, spells out the factors which have so far hampered economic cooperation in the region, and outlines a future course of action to achieve greater economic integration in South Asia. Section 2 provides a broad perspective on regional economic integration with a particular focus on the need to foster greater economic cooperation in South Asia. Section 3 discusses the factors that have impeded intra-regional trade and economic ties within the region. Section 4 spells out measures to enhance economic cooperation in the SAARC region, while Section 5 concludes the discussion.

Impact of Belt and Road Initiative on India-south Asia Regional Trade Integration

2021 ◽  
pp. 9-14
Author(s):  
Mst. Sahiba Mahbub
Keyword(s):  
South Asia ◽  
South Asian ◽  
Free Trade Agreements ◽  
Trade Agreements ◽  
Chinese Government ◽  
Belt And Road Initiative ◽  
Trade Integration ◽  
Regional Trade ◽  
Belt And Road ◽  
Integration Strategies

Belt and Road Initiative (BRI) is a standout amongst the latest and remarkable regional economic integration strategies of Chinese government. This initiative incorporates South Asia which is a piece of Asian territory. From past researches we came to know that regional trade intensity among south Asian nations is low. The majority of the analysts finished up by computing the general list at beneath 0.5. Notwithstanding various multilateral and reciprocal Free Trade Agreements (FTA) exchange coordination did not increment attractively. India has reciprocal FTAs with every south Asian nation. Also this sub region is among the significant exchange accomplices of India. There are double suppositions of India about Chinese BRI initiative. In this research we found an answer of an inquiry that, regardless of whether BRI has sway on trade coordination among India and south Asian nations. We utilized a blended gravity model equation from Hayakawa et.al (2015) and Weerehewa (2009) inquire about papers to assess the aftereffects of variables.

What Does Gravity Model Reveal About SAFTA?

2010 ◽  
Vol 6 (3) ◽  
pp. 185-197
Author(s):  
Renu Verma ◽  
Jaidev Dubey
Keyword(s):  
Sri Lanka ◽  
South Asia ◽  
South Asian ◽  
Regional Cooperation ◽  
Trade Agreement ◽  
Trade Agreements ◽  
Asian Countries ◽  
The South ◽  
Regional Trade ◽  
Multilateral Trade

During last decade, the stalemate in multilateral trade negotiations under the framework of World Trade Organization (WTO) regime has provided impetus to the signing of regional trade agreements world over .South Asia is not an exception to this trend and has been involved in setting up its own bilateral and Regional Trade Agreements (RTAs). Most commonly cited cooperation agreements are Agreement on Trade and Commerce between India and Bhutan(1972), India-Nepal Bilateral Trade and Transit Treaties(1991), India–Sri Lanka Bilateral Free Trade Area(1998) Bangkok Agreement (1975),  Bangladesh, India, Myanmar, Sri Lanka, Thailand Economic Cooperation (BIMST-EC-2004) and the Indian Ocean Rim Association of Regional Cooperation (IOR-ARC-1997). One of  the most significant steps  towards regional economic cooperation in the history of South Asian countries, was taken with signing of The South Asian Association for Regional Cooperation (SAARC) formed in 1985 with the objective of exploiting “accelerated economic growth, social progress and cultural development in the region” for the welfare of the peoples of South Asia. And then seven South Asian countries—Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka—initiated a framework for region-wide integration under the South Asian Preferential Trade Agreement (SAPTA) in 1995. In order to further cement the regional economic relations and overcome some impediments of SAPTA, the South Asia Free Trade Agreement (SAFTA) was signed in early 2004, which came into force on 1st July 2006. The SAFTA is a parallel initiative to the multilateral trade liberalization commitments of the South Asian Association for Regional Cooperation (SAARC) member countries. SAFTA aims to reduce tariffs for intraregional trade among the seven SAARC member countries. It has been agreed that for the South Asian countries, Pakistan and India will eliminate all tariffs by 2012, Sri Lanka by 2013 and Bangladesh, Bhutan, Maldives and Nepal by 2015. The current paper is an attempt in assessing the potential trade in the region with latest dataset  with Gravity model approach.

scholarly journals Indo-SAARC Trade Trend during COVID-19 Era

2021 ◽  
Vol 12 (2) ◽  
pp. 195-198
Author(s):  
Dr. Vipin Sharma
Keyword(s):  
South Asia ◽  
Empirical Evidence ◽  
South Asian ◽  
Asian Countries ◽  
The South ◽  
Regional Trade ◽  
Low Level ◽  
Asian Nation ◽  
Trading Partners ◽  
Over Time

Nations and territories in South Asia have been influenced by the covid-19 pandemic. The first South Asian nation to report an affirmed case was Nepal and India was the first South Asian nation to overwhelm China regarding the number of Covid-19 cases. The SAARC Intra-Regional Trade was at that point drifting around an extremely low level at less than 5 percent, the flare-up of Covid-19, further influenced the intra-regional trade in South Asia. The present study will examine India’s trade trend with the South Asian nation during the Covid-19 era. The South Asian countries are undergoing through covid-19 pandemic since November 2019. The empirical evidence shows that this has led to an increased India’s trade trend in these countries. Surprisingly, though the trade between India-SAARC has not grown substantially, there has been a change in the significance of India's trading partners over time

Does Improvement in Trade Openness Facilitate Renewable Energy Transition? Evidence from Selected South Asian Economies

2018 ◽  
Vol 19 (2) ◽  
pp. 151-170 ◽  
Author(s):  
Muntasir Murshed
Keyword(s):  
Renewable Energy ◽  
South Asian ◽  
Time Series Data ◽  
Trade Openness ◽  
Energy Transition ◽  
Series Data ◽  
Renewable Energy Resources ◽  
Renewable Energy Consumption ◽  
Causality Test ◽  
Asian Economies

The aim of this article is to empirically shed light on the impacts of trade openness (TO) on facilitation of renewable energy transition (RET) across Bangladesh, India, Pakistan, Sri Lanka and Nepal. Against this backdrop, this article incorporated annual time series data stemming from 2000 to 2017 and employed the two-stage least squares (2SLS) panel data estimation methodology. In addition, the panel Granger causality test was also applied to distinguish the possible long-run causal associations between the variables considered in the regression models. In the light of the estimated results, it is found that an improvement in TO triggers renewable energy consumption, improves the primary energy-use efficiency and elevates the access to clean cooking fuel technology within the selected South Asian economies. However, the results also led to the concerning conclusion regarding the ineffectiveness of the trade liberalization policies in curbing the relative consumption of non-renewable energy resources, thereby marginalizing the prospects of overall RET within these economies. JEL: O13, P2, Q42, D12, F35

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