Does Reform Lead to Change in The Import Pattern of Oil and Oilseeds of India?

Keywords: Compound Growth Rate (CGR), Instability Index (II), Dummy Semi-Logarithmic Regression Model (DSRM)

Abstract

India has completed two and a half decades of economic reforms. The present study is an attempt to evaluate the impact of reforms on India’s oil and oil seeds export and imports in terms of quantity and also value. The impact has been measured through decadal value, Compound Growth Rate (CGR), Instability Index (II) and Dummy Semi-Logarithmic Regression Estimation. The CGR of export of oilseeds has moved from negative to positive during the reform period viz. cotton seed, rapeseed oil, coconut oil, and copra. most of the oilseed has fallen under a low Instability Index group. The import of other oilseeds, olive oil, sesame seed and oil palm has been increased during the reform period compared to the pre-reform period. The estimation of the semi-log regression model confirmed that there has been a positive and significant change in the import of oilseeds and oils during the reform period.

Published
2023-12-01
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How to Cite
Loganathan, V. (2023). Does Reform Lead to Change in The Import Pattern of Oil and Oilseeds of India?. Shanlax International Journal of Economics, 12(1), 114-121. https://doi.org/10.34293/economics.v12i1.6872
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Articles