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Author: search.filters.author.Arora, RahulSubject: search.filters.subject.BRICS

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    Linkage between forest cover and trade in forest products: an empirical evidence from BRICS and EU nations
    (Springer, 2023-09) Arora, Rahul
    The present research aims at analyzing the determinants of trade in forest products across BRICS and EU nations by using forest cover as one of the determining factors. For this purpose, a gravity model has been utilized for the country panel of BRICS and EU from 1996 to 2020. Five product categories corresponding to the forest trade (at HS-2 level) have been considered for the analysis. Further, Poisson pseudo maximum likelihood method has been used to estimate the gravity model. The study found that the forest cover of the trading nations from BRICS and EU has affected bilateral exports of primary wood products, wood pulp products, and related items significantly. The control variables included in the gravity model have resonated the results of existing literature. The study provides good policy insights on promoting trade in forest products by adopting appropriate forest conservation policies and other interventions that can help countries in increasing their respective forest covers.
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    Relative benefits/losses of India aligning with RCEP and BRICS countries under the conjecture of free trade area in goods
    (UNESCAP, 2015) Arora, Rahul
    The present study works out the relative benefits/losses of India aligning with RCEP and BRICS member countries under the conjecture of free trade area in good trade only. The study uses partial (SMART model) and general equilibrium (GTAP model) tools for this assessment. The main focus in the study is to compare the benefits/losses to Indian economy associated with both policy scenarios. The results reveal that it would be beneficial for India to align with other RCEP member countries under the policy of free trade area in goods trade. If India wants to join BRICS FTA in the near future then it must negotiate for the entry of its own specialized products into their markets and in reciprocity, it should allow the entry of their specialized products in to the domestic market. The results are in favor to make free trade area between RCEP countries which is more beneficial for India in comparison to make BRICS FTA.