ARCHIVES
VOL. 7, ISSUE 2 (2025)
Determinants of India’s petroleum exports: Extended gravity model estimation
Authors
Dr. Harjeet Singh
Abstract
Petroleum products have become India’s topmost
export item comprising more than 10 percent share in total export earnings
after 2000. Being contrary to the Hecksher-Ohlin perspective of international
trade, this phenomenon demands analysis of its important determinants. That’s
why present study explores determinants of India’s petroleum exports using an
extended gravity model approach. Fixed and Random effect panel data regression
has been used to estimate the model. The findings of the study report that India
has become one of the world’s top 20 petroleum exporters with an average market
share of 2.01% for the period 2002-2019. Over a while, the growth rate of
India’s petroleum exports is higher than the world’s petroleum exports between
2002-2019. Favourable domestic policy and increasing demand are the major
derivers of multiple increase in India’s refined petroleum exports.
Download
Pages:95-102
How to cite this article:
Dr. Harjeet Singh "Determinants of India’s petroleum exports: Extended gravity model estimation ". International Journal of Management and Economics, Vol 7, Issue 2, 2025, Pages 95-102
Download Author Certificate
Please enter the email address corresponding to this article submission to download your certificate.