India's Growth Spillovers to South Asia
February 1, 2012
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Summary
This study investigates the role of India's economy in explaining the observed growth in South Asia, taking into consideration other sources of growth endogenous to the countries in the region. Since a review of key variables indicates that India's bilateral trade and financial linkages with South Asian countries (SAC) are relatively weak, the paper analyses the spillover effects by focusing on growth more generally with India's growth as an explanatory variable. The results of the panel growth regressions suggest that India's growth has good explanatory power for growth in other SAC after 1995.
Subject: Balance of payments, Exports, External debt, Foreign direct investment, Imports, International trade, Trade balance
Keywords: Africa, aggregate FDI outflow, ASEAN-China Free Trade Area, Asia and Pacific, China-ASEAN trade, East Asia, economy, Exports, Foreign direct investment, growth linkages, growth spillover, Imports, India, India's growth, regional integration, South Asia, South Asian country, Southern Africa, spillover impact, Spillovers, trade, Trade balance, trade restrictiveness, transformation Europe, WP
Pages:
23
Volume:
2012
DOI:
Issue:
056
Series:
Working Paper No. 2012/056
Stock No:
WPIEA2012056
ISBN:
9781463937744
ISSN:
1018-5941
