Mainstreaming International Trade into National Development Strategy. Regional Trade Openness Index, Income Disparity and Poverty - An Experiment with Indian Data Sugata Marjit and Saibal Kar Centre for Studies in Social Sciences, Calcutta July 2008. Introduction.
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Regional Trade Openness Index, Income Disparity and Poverty
- An Experiment with Indian Data
Sugata Marjit and Saibal Kar
Centre for Studies in Social Sciences, Calcutta
Approach, Questions, Observations Strategy
(the export performance rank) and the inverse (the import competing performance rank)
is share of exportable production of k-th state at t-th period
is share of importable production of k-th state at t-th period
Econometric Model Strategy
The model follows GMM (Generalized Method of Moments) specificationsto get rid of state-specific factors (equation below)
The above term is used as the instrument and
Then substituted by
As a better Instrument
GMM RESULTS (TABLE 1)
Note: All data in this analysis has been converted to Rs lakh before further analysis.
GMM RESULTS (TABLE 2) Strategy
Openness Index: Methodology (contd.)
Relationship between TOI and Urban-Rural Gini
Table2.Changes in living conditions
Table 3. Employment conditions (Durgapur)
Table 4. LIving conditions (Durgapur)
Table 5: Migration for Work:Community wise District Averages (%) (HH Survey)
Leather Products (Handbags) Industry of Dharavi
Several other issues for future research, some already identified -- aggregate evidence for the general trends and individual but linked case studies for more micro level formalization for which secondary data is not available.
1. Transition from regional trade openness to growth to poverty reduction – an ambitious project given the paucity of Indian data
2. Trade, firm structures and labor mobility – specializations and vanishing occupations – Theory and application with Indian data