Pattern of Trade & Trade Advantage in Transport Equipment Industry in India
M. Manonmani
Abstract
M. Manonmani
Abstract
This paper analyses the pattern of trade and trade advantage in transport equipment during 2000-2014. Tools such as Static Index, Marginal Intra-Industry Trade (MIIT) Index or Dynamic Index, Horizontal and Vertical Intra-industry Index, Revealed Comparative Advantage (RCA) Index, Theoretical Range of the RCA value, Revealed Symmetric Comparative Advantage (RSCA) Index or Product Mapping, Revealed Competitive Advantage Index, Relative Trade Advantage (RTA) Index etc were used. It was found that intra-industry trade was taking place at high level. Higher quality trade was taking place during 2001 and 2009-14 Low quality products were exported in some years. Transport equipment industry had comparative disadvantage throughout the reference period.
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This paper analyses the pattern of trade and trade advantage in transport equipment during 2000-2014. Tools such as Static Index, Marginal Intra-Industry Trade (MIIT) Index or Dynamic Index, Horizontal and Vertical Intra-industry Index, Revealed Comparative Advantage (RCA) Index, Theoretical Range of the RCA value, Revealed Symmetric Comparative Advantage (RSCA) Index or Product Mapping, Revealed Competitive Advantage Index, Relative Trade Advantage (RTA) Index etc were used. It was found that intra-industry trade was taking place at high level. Higher quality trade was taking place during 2001 and 2009-14 Low quality products were exported in some years. Transport equipment industry had comparative disadvantage throughout the reference period.
Key concepts: Revealed comparative advantage, Comparative advantage, Intra-industry trade, Index (typography), Quality (philosophy), Competitive advantage, Disadvantage, Product (mathematics)