Determinants of Trade, Trade Advantage and Trade Competitiveness in Indian Pharmaceuticals
Published: 2019
Author(s) Name: N.M. Varshini and M. Manonmani |
Author(s) Affiliation: Ph D Research Scholar, Dept. of Economics.
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Abstract
This paper analyzes the determinants
of trade, trade advantage and
trade competitiveness in pharmaceutical
industry in India during
2000-2014. Tools such as bivariate
correlation coefficient, step-wise regression
and multiple regression
models were used. The variables
such as GDP, Foreign Direct Investment
(FDI), Money Supply (M2),
Indirect Taxes (IT), Exchange Rate
(ER), Population Growth (PG), Real
GDP, Per capita GDP and Inflation
were used. It was found that the relationship
between export, import
and total trade with related variables
were significant. GDP was the
major factor determining the export
performance of pharmaceutical industry
in India. There was direct relationship
between trade openness
and money supply and Government
Expenditure (GE) was the major factor
responsible for the growth of
trade balance
Keywords: N.A.
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