DOES INTERNATIONAL TRADE ALWAYS IMPACT SIGNIFICANTLY THE REAL GDP PER CAPITA?: A STUDY ON BIMSTEC COUNTRIES USING DYNAMIC PANEL DATA
DOES INTERNATIONAL TRADE ALWAYS IMPACT SIGNIFICANTLY THE REAL GDP PER CAPITA?: A STUDY ON BIMSTEC COUNTRIES USING DYNAMIC PANEL DATA

Summary/Abstract: BIMSTEC came into being on 6 June 1997 through the Bangkok Declaration. It consists of seven Member States: five from South Asia that includes Bangladesh, Bhutan, India, Nepal, Sri Lanka, and two from Southeast Asia, including Myanmar and Thailand. BIMSTEC is a sector-driven cooperative organization. This paper investigates the trade- income relationship among the BIMSTEC nations using dynamic panel data regression model. The result suggests that it is possible to have the international trade having insignificant impact and that too negative on real GDP per capita of the nations. The entire study is based on secondary data, collected from the official sources of Ministry of Commerce, Govt. of India; World Bank and World Integrated Trade Solution.

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