We have tried to examine whether India’s trade deficit, the excess of imports over exports, will ever become zero in the long run. The Bounds Testing Approach(BTA) developed by Pesaran, et al.,(2001) is applied to the Husted(1992)’s inter-temporal budget constraint with 47 pairs of the real...

This paper analyzes the distribution of eleven NACE Rev.1.1. sectors at the European NUTS 2 level. The study is conducted on a ten-year period (1995-2004) using a Balassa index and different proxies of transport costs, closeness to central markets, market size and market potential. The Balassa...