India's Comparative Advantage and Trade Specialization in the Wheat Sector vis-à-vis the BIMSTEC Countries
Currently, the global community is observing the increasing significance of Asian countries in international trade, and 48 Asian nations, India's wheat sector, has experienced a significant reorganization in generating revenue and employment prospects. The research aimed to analyze the comparat...
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| Format: | Article |
| Language: | English |
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University of Diyala
2024-12-01
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| Series: | مجلة ديالى للعلوم الزراعية |
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| Online Access: | https://journal.djas.uodiyala.edu.iq/index.php/dasj/article/view/9178 |
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| author | Md. Monzur Hossain Partha Acharjee Mithun Bairagi |
| author_facet | Md. Monzur Hossain Partha Acharjee Mithun Bairagi |
| author_sort | Md. Monzur Hossain |
| collection | DOAJ |
| description | Currently, the global community is observing the increasing significance of Asian countries in international trade, and 48 Asian nations, India's wheat sector, has experienced a significant reorganization in generating revenue and employment prospects. The research aimed to analyze the comparative advantage and trade specialization in the wheat sector enjoyed by India compared to other member countries of BIMSTEC using the OEC database from 2013 to 2022. The Balassa and Lafay index highlights India's relative competitiveness and extent of trade specialization. To compare the pair-wise comparison between the member countries, Games-Howell Post-Hoc estimation was employed since the normality and homogeneity of data hardly provide any scope to apply one-way ANOVA. Finally, the study concluded that India enjoyed a high degree of competitiveness in the wheat market as compared to other BIMSTEC members during the study period. Consequently, the results indicate that India is enjoying a robust advantage in the global wheat trade market, in general, and in the BIMSTEC region, in particular. Based on the result, this study prescribed that since BIMSTEC will implement trade facilitation in 2030, the identification of specific products like wheat may be incorporated into the list for greater regional trade integration. |
| format | Article |
| id | doaj-art-45a880f3d1344a539de6418eb33846ec |
| institution | Kabale University |
| issn | 2073-9524 2310-8746 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | University of Diyala |
| record_format | Article |
| series | مجلة ديالى للعلوم الزراعية |
| spelling | doaj-art-45a880f3d1344a539de6418eb33846ec2025-01-05T10:49:22ZengUniversity of Diyalaمجلة ديالى للعلوم الزراعية2073-95242310-87462024-12-0116215116410.52951/dasj.24160212India's Comparative Advantage and Trade Specialization in the Wheat Sector vis-à-vis the BIMSTEC CountriesMd. Monzur Hossain0https://orcid.org/0000-0002-2878-7250Partha Acharjee1https://orcid.org/0009-0005-2934-9657Mithun Bairagi2https://orcid.org/0000-0003-0758-6561Department of Finance and Banking, Comilla University, Cumilla, Bangladesh.Department of Management, Humanities and Social Sciences, National Institute of Technology Agartala, IndiaDepartment of Finance and Banking, Islamic University, Kushtia, BangladeshCurrently, the global community is observing the increasing significance of Asian countries in international trade, and 48 Asian nations, India's wheat sector, has experienced a significant reorganization in generating revenue and employment prospects. The research aimed to analyze the comparative advantage and trade specialization in the wheat sector enjoyed by India compared to other member countries of BIMSTEC using the OEC database from 2013 to 2022. The Balassa and Lafay index highlights India's relative competitiveness and extent of trade specialization. To compare the pair-wise comparison between the member countries, Games-Howell Post-Hoc estimation was employed since the normality and homogeneity of data hardly provide any scope to apply one-way ANOVA. Finally, the study concluded that India enjoyed a high degree of competitiveness in the wheat market as compared to other BIMSTEC members during the study period. Consequently, the results indicate that India is enjoying a robust advantage in the global wheat trade market, in general, and in the BIMSTEC region, in particular. Based on the result, this study prescribed that since BIMSTEC will implement trade facilitation in 2030, the identification of specific products like wheat may be incorporated into the list for greater regional trade integration.https://journal.djas.uodiyala.edu.iq/index.php/dasj/article/view/9178wheatbalassa indexlafay indexbimstecindia |
| spellingShingle | Md. Monzur Hossain Partha Acharjee Mithun Bairagi India's Comparative Advantage and Trade Specialization in the Wheat Sector vis-à-vis the BIMSTEC Countries مجلة ديالى للعلوم الزراعية wheat balassa index lafay index bimstec india |
| title | India's Comparative Advantage and Trade Specialization in the Wheat Sector vis-à-vis the BIMSTEC Countries |
| title_full | India's Comparative Advantage and Trade Specialization in the Wheat Sector vis-à-vis the BIMSTEC Countries |
| title_fullStr | India's Comparative Advantage and Trade Specialization in the Wheat Sector vis-à-vis the BIMSTEC Countries |
| title_full_unstemmed | India's Comparative Advantage and Trade Specialization in the Wheat Sector vis-à-vis the BIMSTEC Countries |
| title_short | India's Comparative Advantage and Trade Specialization in the Wheat Sector vis-à-vis the BIMSTEC Countries |
| title_sort | india s comparative advantage and trade specialization in the wheat sector vis a vis the bimstec countries |
| topic | wheat balassa index lafay index bimstec india |
| url | https://journal.djas.uodiyala.edu.iq/index.php/dasj/article/view/9178 |
| work_keys_str_mv | AT mdmonzurhossain indiascomparativeadvantageandtradespecializationinthewheatsectorvisavisthebimsteccountries AT parthaacharjee indiascomparativeadvantageandtradespecializationinthewheatsectorvisavisthebimsteccountries AT mithunbairagi indiascomparativeadvantageandtradespecializationinthewheatsectorvisavisthebimsteccountries |