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ASEAN India Investment Interdependence: A Time Series Econometrics Approach

Euro-Asian Journal of Economics and Finance

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Field Value
 
Title ASEAN India Investment Interdependence: A Time Series Econometrics Approach
 
Creator Bishnoi, Ashwani
 
Subject ASEAN, India, Trade, Foreign Direct Investment, ARDL bounds testing
 
Description In the recent past, India has actively pursued its foreign trade policy by concluding/negotiating the Free Trade Agreements (FTAs) with leading trade and investment partners. India’s very recent inking of investment and services pact with ASEAN is considered as a significant step towards the realization of trade and investment potentials under its “Look East” policy. The present study is an attempt to see the trend and pattern of investment between India and ASEAN in the ongoing economic environment. The ARDL bounds-testing approach of time series econometrics confirms the presence of long-run as well short-run equilibrium relationship between FDI inflows of India and select ASEAN member countries. Also, Singapore’s FDI inflows have significant positive impact on Indian FDI inflows. It is found that both trade and investment among two groups are confronted on the front of non-tariff measures, complex legal environment, poor infrastructure, lack of transparency, regulatory issues, etc.
 
Publisher Academy of Business & Scientific Research
 
Contributor gratitude to Dr. Geethanjali Nataraj, Professor cum Senior Fellow, Observer Research Foundation, New Delhi
 
Date 2015-10-09
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format —
 
Identifier http://absronline.org/journals/index.php/eajef/article/view/553
 
Source Euro-Asian Journal of Economics and Finance; Vol 3 No 4 (2015): October; 195-216
2310-4929
2310-0184
 
Language eng
 
Relation http://absronline.org/journals/index.php/eajef/article/view/553/574
 
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