Crossref JGate SDG Google Scholar Open Access Creative Commons WorldCat OCLC DORA Scilit Semantic Scholar SDG
An Analysis of Revealed Comparative Advantage of India with China, USA and Saudi Arabia in Chemical Sector
ARTICLE PDF FILE

Keywords

Chemical Sector
Balassa Index
Spearman Coefficient
Pearson Coefficient

Categories

How to Cite

Mohd Adil, & Saba Ismail. (2025). An Analysis of Revealed Comparative Advantage of India with China, USA and Saudi Arabia in Chemical Sector. South India Journal of Social Sciences, 23(1), 341-351. https://doi.org/10.62656/SIJSS.v23i1.1911

Abstract

The chemical sector plays a significant role in the manufacturing sector of India. The present study made an attempt to examine the trade pattern in the chemical sector using Balassa Index, Spearman Rank Correlation (SRC) and Pearson coefficient. It reveals that India has a competitive relationship with China, USA and Saudi Arabia in global chemicals and chemical products market, has better position than China and Saudi Arabia in terms of comparative advantageous subsectors of chemical sector in global market. SRC analysis indicates marginal structural changes within nation between time period 2000, 2010 and 2022, confirmed by Pearson coefficient. The present analysis identifies the untapped trade potential in sub-sectors of the chemical sector. Hence, these findings have great relevance for formulating the trade policy as it provides valuable insights related to trade potential and the trade patterns in chemicals and chemical products.

ARTICLE PDF FILE

References

Akhtar, N., Zakir, N., & Ghani, E. (2008). Changing revealed comparative advantage: a case study of footwear industry of Pakistan. The Pakistan DevelopmentReview,695-709. https://www.jstor.org/stable/41261248

Bagaria, N., & Ismail, S. (2017). An analysis of composition and structural transformation of exports of China. International Journal of Applied Research, 3(7), 1101-1106.

Batra, A., & Khan, Z. (2005). Revealed comparative advantage: An analysis for India and China (No. 168). Working paper. https://hdl.handle.net/10419/176190

Bender, S., & Li, K. W. (2002). The changing trade and revealed comparative advantages of Asian and Latin American manufacture exports. Available at SSRN 303259. https://ssrn.com/abstract=303259

Deb, K., & Sengupta, B. (2017). On empirical distribution of RCA indices. IIM Kozhikode Society & Management Review, 6(1), 23-41. https://doi.org/10.1177/2277975216676125

Hinloopen, J., & Van Marrewijk, C. (2001). On the empirical distribution of the Balassa index. Weltwirtschaftliches archiv, 137(1), 1-35. https://www.jstor.org/stable/40440821

Ismail, S., & Ahmed, S. (2022). Static and dynamic RCA analysis of India and China in world economy. International Studies of Economics, 17(2), 228-260. https://doi.org/10.1002/ise3.18

Jagadeesh, M. S., Jahnavi, A. P., Vinay, H. T., Abhishek, G. J., Abhishek, S. S., & Chikkalaki, A. S. Export Competitiveness of Indian Coffee: Analysing Trade Potential in the Global Market. https://doi.org/10.9734/jsrr/2024/v30i92329

Parr, R. G. (2000). Specialisation in South African manufactures trade, 1993-1998. South African Journal of Economics, 68(2), 297-306.

Singh, V. K., & Gautam, A. (2019). Export performance and revealed comparative advantage of India for handloom industry. Indore Management Journal, 11(01), 21-36.

Wosiek, R., & Visvizi, A. (2021). The VWRCA index: measuring a country’s comparative advantage and specialization in services. The case of Poland. Economies, 9(2), 48. https://doi.org/10.3390/economies9020048

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Copyright (c) 2025 South India Journal of Social Sciences