India's service exports to OECD countries: evidence on crowding out

Das, Sampriti (2024) India's service exports to OECD countries: evidence on crowding out. IUP Journal of Applied Economics, 23 (1). pp. 32-70.

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Abstract

At the root of the second wake of export pessimism is the argument that export-led growth (ELG) models suffer from a fallacy of composition. Under constrained global demand, all exporting nations cannot simultaneously pursue ELGs, and the ensuing battle for markets would eventually cause more competitive exporters to drive out or displace less competitive ones. Considering how the Indian economy has witnessed a deceleration in her export of services since the mid-2000s, this paper enquires whether similar export-displacements could have lent to this status quo. Using bilateral service trade data for the years 2005-2015, the paper tests the displacement or crowding out of India's export of services to advanced OECD nations by exports from other developing and emerging market economies. Our results show the remarkable presence of complementarity between service exports from India and that from other exporting powerhouses like China, Singapore and Vietnam, though the country appears to have been losing markets for her prime services to certain emerging exporters.

Item Type:	Article
Authors:	Das, Sampriti
Document Language:	Language English
Subjects:	Social sciences > Economics > International economics
Divisions:	Azim Premji University - Ranchi > School of Development
Full Text Status:	Restricted
URI:	http://publications.azimpremjiuniversity.edu.in/id/eprint/7734
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