Macroeconomic Impacts of Trade Liberalisation – Surajit Deb
Sponsoring Agency: SANEI, Pakistan
Commencement: November 2007

This study examines whether agricultural trade liberalization has led to any changes in the domestic terms of trade in the South Asian economies. The analysis uses data from Bangladesh, India, Pakistan and Sri Lanka. It first constructs comparable agricultural terms of trade indices in these economies from 1980 to 2006. Subsequently, it examines the impact of trade openness on the domestic terms of trade in agriculture by analyzing causal relations.