Journal of International Trade Law and Policy 

About: Journal of International Trade Law and Policy is an academic journal published by Emerald Publishing Limited. The journal publishes majorly in the area(s): Trade barrier & Commercial policy. It has an ISSN identifier of 1477-0024. Over the lifetime, 216 publications have been published receiving 1232 citations. The journal is also known as: Journal of international trade law and policy.

Determinants of foreign direct investment in India

Abstract: Purpose – The purpose of this paper is to examine the determinants of foreign direct investment (FDI) in India.Design/methodology/approach – Using macroeconomic variables – GDP, inflation rate, interest rate, patents, money growth and foreign trade – the authors tried to find the best fit model (ARIMA (p,d,q)) to explain variation in FDI inflows into India. The authors tested for various assumptions taken before applying autoregressive integrated moving average (ARIMA) such as heteroscedasticity, autocorrelations, etc. using standard tests and quantified FDI policy changes using dummy variables.Findings – It was found that of all macroeconomic variables taken, only GDP, inflation rate and scientific research are significant and that FDI Policy changes during years 1995‐1997 have had a significant impact on FDI inflows into India.Research limitations/implications – The authors' econometric model explains 63 percent variation in FDI inflows into India. Implicitly, the balance 37 percent variation in FDI inf...

An empirical analysis of CO2 emission in Pakistan using EKC hypothesis

Abstract: Purpose – The purpose of this paper is to fill the gap between energy and growth literature in Pakistan. In this regard, the authors investigated the environmental Kuznets curve (EKC) hypothesis and concluded the relationship between carbon emission and other four variables (energy consumption, economic growth, trade openness and population) at the same time. It is hoped that the policy implications of this research will provide a strong base to address the problem of environmental degradation in Pakistan.Design/methodology/approach – This study investigates the relationship between CO2 emission, economic growth, energy consumption, trade‐liberalization, and population density by using the EKC hypothesis for Pakistan. The cointegration analysis with Auto Regressive Distributed Lag (ARDL) bound testing approach is employed over time series data from the period 1971 to 2008. The stability of model was also checked at the end.Findings – The results of the study do not support EKC in a short‐run, whereas the ...

Foreign direct investment and stock market development in Pakistan

Abstract: Purpose – This paper aims to investigate the impact of FDI on the stock market development in Pakistan, both aggregate as well as sector wise, the reason being that no such work has been carried out in this context.Design/methodology/approach – The study is based on secondary data for the period 1985‐2011. Johansen co‐integration approach is used for determining relationship among variables for aggregate stock market development in long run. Granger causality test is also applied to check the causal relation between the variables. Correlation analysis and regression analysis has been used for examining the relationship of sector wise development, FDI and economic growth in Pakistan.Findings – The results support the positive role of FDI in boosting the aggregate stock market development in long run. Bi‐directional causality between FDI and economic growth has been found along with the uni‐directional causality between aggregate stock market development and economic growth. For sector wise development the ...

Trade liberalization and its economic impact on developing and least developed countries

Abstract: Purpose – This paper aims to investigate the impact of trade liberalization on economic growth of selected developing and least developed economies by augmenting standard production function. Design/methodology/approach – The panel fixed effect model is used to estimate impacts of macroeconomic variables on economic growth. Real GDP million US$ is taken as proxy for economic growth. The capital stock series for each cross-section is generated from gross fixed capital formation. The total trade to GDP is taken as proxy for trade liberalization. Findings – The result shows significant positive impact of selected macroeconomic variables on economic growth, except trade liberalization index. The one unit increase in trade liberalization deteriorates economic growth, of developing countries by −280.86 million US$ and least developing by −3555.09 million US$. Research limitations/implications – The significant negative impact indicates the relatively greater share of import than exports. The developing nations ...

Bangladesh trade potential: a dynamic gravity approach

Abstract: Purpose – The main purpose of this paper is to identify the major determining factors of Bangladesh trade and to investigate whether the gravity model correctly explains Bangladesh's trade patterns and then estimate the global trade potential of Bangladesh using an augmented gravity model.Design/methodology/approach – Based on a panel data, a dynamic gravity model has used to estimate Bangladesh's trade potential with her major trading partners.Findings – One of the major findings of the paper is that a large part of Bangladesh's potential trade has remained unrealized. The estimated results indicate Bangladesh tends to trade more with larger economies in general and for import developing economies in particular. The rising trade transaction cost is one of the major trading barriers causing high unrealization of trade potential in Bangladesh.Practical implications – The paper concludes that liberalization of non‐policy barriers will spur Bangladesh's trade, particularly in time of ongoing global economic ...