Latency and Economic Concert of India’s Trade with Russia: An Empirical Investigation

This article focuses on Indo-Russia trade relations and evaluates the economic performance of trade in terms of symmetry, complementarity, intensity and similarity and future prospects for Indo-Russia trade relation and the change in the economic scenario over a 24-year period from 1995 to 2018. The article attempted to evaluate Indo-Russia trade using Thiel’s symmetry criteria, trade complementarity index (TCI), and export similarity index (ESI) analysis in exports and imports in different types of goods categorized on the basis of their production. In terms of symmetry, trade is increasingly asymmetric for Russia-India and is much more visible during 1995 as compared to 2018. Moreover, the declining complementarity trend (in 2010 and 2018) is a result of production specialization. Regarding the export similarity of India against Russia, India enjoys a competitive edge in the basic agricultural Commodities. During 2005-2010, the trend reversed as India’s exports were getting much more specialized and back in 2015 the trend of similarity remained in India’s favor

Trade Compatibility between Afghanistan and India: An empirical evaluation

In order to expedite the flow of trade the number of regional trade agreements has grown among the countries since the globalization has started. The dramatic changes are quiet visible as these RTA are lucrative and attractive for the countries to manage their trade. Afghanistan started its regional trade with neighboring countries after joining SAARC in 2008. The study period is covering 8 years data from 2008-2015 by employing SITC Revision III classification. The prime focus of this article is to evaluate the trade compatibility between Afghanistan and India by employing Revealed Comparative Advantage (RCA) and Trade Intensity Index (TII). From the results, it is quite clear that the trade between two countries is proceeding in India’s favor. Afghanistan enjoys the comparative advantage in just one product category and for the rest of the products, the values of RCA are less than 1. India enjoys RCA in four product categories. The paper concludes with this recommendation that it will be better for both countries to keep promoting the export of the products which has the RCA ˃ 1. India is leading the existing export market because of its strong export base. Both countries should strive to improve their export potential products, in order to gain the market and to be compatible and competitive partners with one another

An evaluation of relationship between public debt and economic growth: A study of Afghanistan

Public debt is one of the main macroeconomic indicators, which forms countries’ image in international markets. It is one of the inward foreign direct investment flow determinants. A prudent public debt management helps economic growth and stability through mobilizing resources with low borrowing cost and limiting financial risk exposure. The objective of this study was to establish the relationship between public debt and economic growth in Afghanistan. The study used secondary data collected from various sources collected from Ministry of Finance, treasury directorship, debt department, World Bank web page and Da Afghanistan Bank. The study period included 2008-2012 financial periods. The data was collected using data collection sheet which was edited, coded and cleaned. To establish the relationship between public debt and economic development, the study conducted a regression analysis. Domestic debt is characterized by higher interest rates compared with those on external debt, which is contracted mainly on concessional terms, and it is therefore expensive to maintain. Domestic debt reduction could be achieved using proceeds from the privatization program of public corporations, or the use of externally borrowed resources which are mainly on concessional terms to retire more expensive domestic debt. The government should therefore develop a framework for recording and monitoring all contingent liabilities and also formulate and implement a policy for management of the contingent liabilities. The government should therefore continue to implement wider reforms that promote investment in Treasury bonds, and encourage institutional investors such as pension funds and insurance companies to invest in Treasury bonds

An evaluation of relationship between public debt and economic growth: A study of Afghanistan

Public debt is one of the main macroeconomic indicators, which forms countries’ image in international markets. It is one of the inward foreign direct investment flow determinants. A prudent public debt management helps economic growth and stability through mobilizing resources with low borrowing cost and limiting financial risk exposure. The objective of this study was to establish the relationship between public debt and economic growth in Afghanistan. The study used secondary data collected from various sources collected from Ministry of Finance, treasury directorship, debt department, World Bank web page and Da Afghanistan Bank. The study period included 2008-2012 financial periods. The data was collected using data collection sheet which was edited, coded and cleaned. To establish the relationship between public debt and economic development, the study conducted a regression analysis. Domestic debt is characterized by higher interest rates compared with those on external debt, which is contracted mainly on concessional terms, and it is therefore expensive to maintain. Domestic debt reduction could be achieved using proceeds from the privatization program of public corporations, or the use of externally borrowed resources which are mainly on concessional terms to retire more expensive domestic debt. The government should therefore develop a framework for recording and monitoring all contingent liabilities and also formulate and implement a policy for management of the contingent liabilities. The government should therefore continue to implement wider reforms that promote investment in Treasury bonds, and encourage institutional investors such as pension funds and insurance companies to invest in Treasury bonds

India's merchandise trade with China: growth, prospects and future potential?

India and China are the two important emerging economies of the world with strong history of intimacy. After liberalization both have made rapid progress. Owing to large size and amalgamated composition of economies, the economies are looks as the upcoming global leaders on the international arena. The bilateral trade between the nations has definitely impact on the economic scenario of global trade. The trade relation in terms of trade between India and China is developing its own impetus and dynamism. India’s share in China’s exports and Imports increased from 0.51 per cent and 0.30 per cent in 1995 to 2.66 per cent and 1.34 per cent in 2011 respectively. During the period of 1995-1999, the actual growth rates of Indian exports to and imports from China, i.e. 3.07 per cent and 6.05 per cent respectively. The political relations between India and China turned to be good one, which positively affected their trade relations. The trade between these two giant economies has been identified as the most sensible and reliable instrument, in recognizing the impact on the dynamism of the global economy and its vibrant growth speed. It is in this context of their changing behavior, the current paper makes an endeavor to appraise that how the bilateral trade between the two economies becomes as a tool in intensifying their partnership for their joint advantages in the future time

India’s security strategy in South Asia : visualizing Afghanistan’s past, present, and future

By examining India’s role within South Asia’s security environment, this paper suggests how India’s relationship with Afghanistan’s new political regime under a ‘reformed’ Taliban will lead to security cooperation and gateways to economic opportunities. The discussion is underpinned by an analysis of non-state actors from neighbouring jurisdictions, such as Pakistan, and China who pose a direct threat to the security of Indian interests. India being a key power player in the region relies on a stable Afghanistan and is therefore heavily vested in steering and overseeing political decisions by neighbouring states around peacebuilding, conflict management, and human security in the region. A discursive methodological approach based on country case study analysis provides the paper with the data needed to establish and explain what the security environment in the South Asian region looks like, the stakeholders, and political nuances that leave gaps for insecurity to thrive and upset vested interests. The contribution that the paper makes is to support policy direction towards entrenching stronger Indian and Afghan relations based on mutual strategic security and economic interests

Determinants of FDI in Afghanistan: An Empirical Analysis

Purpose: The purpose of this study is to describe the major FDI determinants that show capital flow in Afghanistan and to investigate impact of FDI determinants on economy of Afghanistan in particular. Design/methodology/approach: This Research look into whether FDI determinants influence FDI based in Afghanistan by taking time series data using OLS, over the period of 2005-2015. Findings: The relation of FDI with a few FDI determinants including total debt service, total external debt, gross domestic production and gross fixed capital formation contain a strong positive result on economic growth in Afghanistan; at the same time as the relation of FDI with Inflation contain a negative effect. Research limitations/implications: The restrictions of the study are basically the enlargement of data which cannot be found continuous for 2015 completely for all variables. Originality/value: The objective of this research is to define the main FDI determinants that show capital flow in Afghanistan and to explore impact of FDI determinants on economy of Afghanistan in particular. Secondary objective is the quantify FDI determinants to suggest some policies through which FDI can improve in Afghanistan

Determinants of FDI in Afghanistan: An Empirical Analysis

Purpose: The purpose of this study is to describe the major FDI determinants that show capital flow in Afghanistan and to investigate impact of FDI determinants on economy of Afghanistan in particular. Design/methodology/approach: This Research look into whether FDI determinants influence FDI based in Afghanistan by taking time series data using OLS, over the period of 2005-2015. Findings: The relation of FDI with a few FDI determinants including total debt service, total external debt, gross domestic production and gross fixed capital formation contain a strong positive result on economic growth in Afghanistan; at the same time as the relation of FDI with Inflation contain a negative effect. Research limitations/implications: The restrictions of the study are basically the enlargement of data which cannot be found continuous for 2015 completely for all variables. Originality/value: The objective of this research is to define the main FDI determinants that show capital flow in Afghanistan and to explore impact of FDI determinants on economy of Afghanistan in particular. Secondary objective is the quantify FDI determinants to suggest some policies through which FDI can improve in Afghanistan

Ecopreneurship: The reality cultured for today and tomorrow?

Business world, subject to typical changes evolve as a result of innovations. Innovations alter the economy and society fundamentally. To be innovative means to provide organizational and technical improvements that can be sold successfully in the marketplace. But the market systems have adversely affected the environment by: (a) failing to deal with negative environmental externalities and (b) undervaluing natural resources, leading to their over exploitation and depletion. In addition, imperfect market conditions, unclear definition of property rights and misplaced government policies (such as subsidies in various forms for exploitation of natural resources) have often led to the under-valuation of natural resources and to unsustainable exploitation. These market failures have caused irreparable damage to ecosystems and threaten to destroy life-support systems. In dealing such situations the potent weapon is ecopreneurship, which refers to a process by which entrepreneurs introduce eco-friendly (or relatively more eco-friendly) products and process into the marketplace

Ecopreneurship: The reality cultured for today and tomorrow?

Business world, subject to typical changes evolve as a result of innovations. Innovations alter the economy and society fundamentally. To be innovative means to provide organizational and technical improvements that can be sold successfully in the marketplace. But the market systems have adversely affected the environment by: (a) failing to deal with negative environmental externalities and (b) undervaluing natural resources, leading to their over exploitation and depletion. In addition, imperfect market conditions, unclear definition of property rights and misplaced government policies (such as subsidies in various forms for exploitation of natural resources) have often led to the under-valuation of natural resources and to unsustainable exploitation. These market failures have caused irreparable damage to ecosystems and threaten to destroy life-support systems. In dealing such situations the potent weapon is ecopreneurship, which refers to a process by which entrepreneurs introduce eco-friendly (or relatively more eco-friendly) products and process into the marketplace