Author: M. Srikala and Bhavani Devi I.
Author Address: 1Department of Agricultural Economics, S.V.Agricultural College, Tirupati-517502 (Andhra Pradesh) 2Professor, Institute of Agribusiness Management, ANGRAU, Tirupati-517502 (Andhra Pradesh)
Keywords: Direction of trade, export competitiveness, market, Markov chain analysis, nominal protection coefficient
JEL Codes: Q11, G22, N20
The study examined the direction of trade of maize by Markov chain analysis and showed that Bangladesh was the most stable market of Indian maize as it could retain its share of 90.07 percent, Indonesia, Malaysia and Vietnam with 63.44, 62.33 and 45.92 percent retention were found to be major destinations for Indian maize exports. The most unstable markets among the maize importing countries were Taiwan and UAE with the zero percent retention. The analysis of export competitiveness revealed that the Indian maize has a moderate degree of competitiveness as Nominal Protection Coefficients during all the years studied ranged between 0.5 and 1.0.
Indian Journal of Economics and Development
Volume 16 No. 3, 2020, 437-442
Indexed in Clarivate Analytics (ESCI) of WoS
Scopus: Title Accepted
NAAS Score: 4.82