LANGUAGE IN INDIA

Strength for Today and Bright Hope for Tomorrow

Volume 14:1 January 2014
ISSN 1930-2940

Managing Editor: M. S. Thirumalai, Ph.D.
Editors: B. Mallikarjun, Ph.D.
         Sam Mohanlal, Ph.D.
         B. A. Sharada, Ph.D.
         A. R. Fatihi, Ph.D.
         Lakhan Gusain, Ph.D.
         Jennifer Marie Bayer, Ph.D.
         S. M. Ravichandran, Ph.D.
         G. Baskaran, Ph.D.
         L. Ramamoorthy, Ph.D.
         C. Subburaman, Ph.D. (Economics)
Assistant Managing Editor: Swarna Thirumalai, M.A.

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Prospects of Emerging Comprehensive Economic Cooperation
Agreement between India and Thailand

P. Sundar Raj, M.A., M.Phil. and Dr. B. Ambrose

Abstract

In this study, the authors try to examine India`s Comprehensive Economic Cooperation Agreement (CECA) with Thailand. This is an inquiry about Indo-Thailand bilateral trade relations. Time series data for the period between 1997 and 2012 has been taken for the analysis. Here the authors use the well-known Gravity model for sixteen year data analysis. This technique proved to be successful in explaining India`s bilateral trade flows to Thailand. The analysis reveals that GDP and Population positively influence trade volume, while distance (dummy) variable shows a negative relationship towards bilateral trade. This paper concludes that India and Thailand have greater unrealized trade potential which can be realized through comprehensive economic cooperation.

Introduction

India and Thailand have a long history of cultural affinity. The geographical proximity between these two countries, commercial interest and various other issues initiate interest to study the bilateral trade between the two countries. As these two countries become independent during the mid-20th century, both have to strengthen their economies. The best way to do that is to go for successful international trade. Hence the authors have shown interest in studying the trade relation between these two countries.

This is only the beginning part of the article. PLEASE CLICK HERE TO READ THE ENTIRE ARTICLE IN PRINTER-FRIENDLY VERSION.

P. Sundar Raj, M.A., M.Phil.
Assistant Professor
Economics Wing, DDE
Annamalai University
Annamalainagar – 608 002
Tamilnadu
India
apsundarraj@yahoo.com

Dr. B. Ambrose, M.Sc., M.Phil., Ph.D.
Assistant Professor
Economics Wing, DDE
Annamalai University
Annamalainagar – 608 002
Tamilnadu
India
ambrose_b@yahoo.com

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