Dynamics of comparative advantage in export of India’s agriculture
This paper analyses the dynamics of comparative advantage in India’s agricultural exports over the period 2001 to 2019. In order to analyze the pattern of export specialization, we use the revealed comparative advantage index, and its variant, the revealed symmetric comparative advantage index. We u...
| Autores principales: | , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
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International Food Policy Research Institute
2022
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/140869 |
| _version_ | 1855519798586245120 |
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| author | Kannan, Elumalai Kumar, Anjani |
| author_browse | Kannan, Elumalai Kumar, Anjani |
| author_facet | Kannan, Elumalai Kumar, Anjani |
| author_sort | Kannan, Elumalai |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This paper analyses the dynamics of comparative advantage in India’s agricultural exports over the period 2001 to 2019. In order to analyze the pattern of export specialization, we use the revealed comparative advantage index, and its variant, the revealed symmetric comparative advantage index. We use the Markov transition matrix to examine the product mobility of comparative advantage. Our results show that the extent of agricultural trade openness has remained constant over time and that there has been little change in the composition of agricultural exports. Between 2017 and 2019, two products—semi- or wholly milled rice, and frozen shrimps and prawns—accounted for one-third of all exports. Analysis of the mobility of comparative advantage reveals little mobility of products from the lowest to the highest decile. There is a 65.8 percent probability that a product will stay in the first decile even after nearly two decades. A high degree of persistence of export specialization implies a much greater probability of starting and ending up in the highest decile. Policy should aim at diversification of the agricultural export basket through a product-specific focus that is based on export demand and the exploration of new markets. |
| format | Artículo preliminar |
| id | CGSpace140869 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1408692025-12-02T21:03:24Z Dynamics of comparative advantage in export of India’s agriculture Kannan, Elumalai Kumar, Anjani exports comparative advantage agriculture trade agricultural trade This paper analyses the dynamics of comparative advantage in India’s agricultural exports over the period 2001 to 2019. In order to analyze the pattern of export specialization, we use the revealed comparative advantage index, and its variant, the revealed symmetric comparative advantage index. We use the Markov transition matrix to examine the product mobility of comparative advantage. Our results show that the extent of agricultural trade openness has remained constant over time and that there has been little change in the composition of agricultural exports. Between 2017 and 2019, two products—semi- or wholly milled rice, and frozen shrimps and prawns—accounted for one-third of all exports. Analysis of the mobility of comparative advantage reveals little mobility of products from the lowest to the highest decile. There is a 65.8 percent probability that a product will stay in the first decile even after nearly two decades. A high degree of persistence of export specialization implies a much greater probability of starting and ending up in the highest decile. Policy should aim at diversification of the agricultural export basket through a product-specific focus that is based on export demand and the exploration of new markets. 2022-04-18 2024-04-12T13:36:47Z 2024-04-12T13:36:47Z Working Paper https://hdl.handle.net/10568/140869 en https://epubs.icar.org.in/index.php/AERR/article/view/150654 Open Access application/pdf International Food Policy Research Institute Kannan, Elumalai; and Kumar, Anjani. 2022. Dynamics of comparative advantage in export of India’s agriculture. IFPRI Discussion Paper 2116. Washington, DC: International Food Policy Research Institute (IFPRI). https://doi.org/10.2499/p15738coll2.135874. |
| spellingShingle | exports comparative advantage agriculture trade agricultural trade Kannan, Elumalai Kumar, Anjani Dynamics of comparative advantage in export of India’s agriculture |
| title | Dynamics of comparative advantage in export of India’s agriculture |
| title_full | Dynamics of comparative advantage in export of India’s agriculture |
| title_fullStr | Dynamics of comparative advantage in export of India’s agriculture |
| title_full_unstemmed | Dynamics of comparative advantage in export of India’s agriculture |
| title_short | Dynamics of comparative advantage in export of India’s agriculture |
| title_sort | dynamics of comparative advantage in export of india s agriculture |
| topic | exports comparative advantage agriculture trade agricultural trade |
| url | https://hdl.handle.net/10568/140869 |
| work_keys_str_mv | AT kannanelumalai dynamicsofcomparativeadvantageinexportofindiasagriculture AT kumaranjani dynamicsofcomparativeadvantageinexportofindiasagriculture |