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Competitiveness of Pakistani rice in international market and export potential with global world: A panel gravity approach
| Content Provider | Semantic Scholar |
|---|---|
| Author | Irshad, Muhammad Saqib Arshad, Hamza |
| Copyright Year | 2018 |
| Abstract | Rice is an important source for foreign exchange earnings for Pakistan’s economy, keeping this fact in mind, this study is to calculate competitiveness of rice export of Pakistan in international market compared to largest exporter countries and this article is the first empirical attempt using a panel-gravity approach by employing PPML technique and to find out potential countries for Pakistani rice export to 144 countries over the period 2003–2016. The outcomes of this study revealed that as compared to other major exporters of rice in the international market, Pakistan had high competitive and comparative advantage in the exportation and production of rice. We confirm the positive relationship between rice export of Pakistan and the main components of the gravity model, GDP of Pakistan and trading partner, the difference in income, common border, and WTO membership and an inverse relationship with distance, exchange rates and trade agreement. The results for rice export potential suggest Pakistan still has plenty of rice export potential with 109 countries and as such Pakistan can possibly reduce and gain foreign exchange earnings to reduce the trade deficit by targeting these countries. So as to utilize the potential benefits of rice exports, policy makers need to reinforce the competitiveness in rice sector of Pakistan. Muhammad Saqib Irshad ABOUT THE AUTHORS Muhammad Saqib Irshad is a Pakistani national, doing PhD in Tianjin University of Finance and Economics in major International Economics and Trade. His research mainly focused on Pakistan and China’s international trade, One Belt and One Road initiative and China-Pakistan economic corridor. He earned Master degree also from China, Northeast Normal University in major International Trade. He won scholarship for his master and PhD degree from China Government (China Scholarship Council). Prof. Qi Xin is the head of department of international education in Tianjin University of Finance and Economics. Her primary research fields include International trade and economics and Intellectual property rights. Hamza Arshad is a Pakistani national, doing master in Tianjin University of Finance and Economics in major International trade. His research mainly focused on China’s belt & road initiative. PUBLIC INTEREST STATEMENT The paper explores the competitiveness of Pakistani rice in the world market and export potential with the global world. The study revealed that Pakistan had high competitive and comparative advantage in the exportation and production of rice as compared to other major exporters of rice in the international market. The authors used panel gravity model to show that Pakistan has the potential of increasing rice exports to 109 countries. The contribution of the paper is to find the rice export potentials of Pakistan and to determine the competitiveness of Pakistani rice in the world market. Irshad et al., Cogent Economics & Finance (2018), 6: 1486690 https://doi.org/10.1080/23322039.2018.1486690 © 2018 The Author(s). This open access article is distributed under a Creative Commons Attribution (CC-BY) 4.0 license. Received: 29 January 2018 Accepted: 06 June 2018 First Published: 18 June 2018 *Corresponding author: Muhammad Saqib Irshad, School of Economics, Tianjin University of Finance and Economics, Zhujiang Road, No.25, Hexi Dist, Tianjin 300222, China E-mail: mohd_saqib_malik@hotmail.com Reviewing editor: Goodness Aye, University of agriculture, Makurdi Benue State, Nigeria Additional information is available at the end of the article |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.cogentoa.com/article/10.1080/23322039.2018.1486690.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
