2a:T545,

The current focus emphasizes the difficult choices faced by Indian management of the impossible trinity to manage import-led growth. The management highlights two mechanisms by which FDI (foreign direct investment) flows are easily substituted for short-run FII (foreign institutional investment) flows. First, GDP and its growth in an open economy framework and the associated international trade participation can clarify this substitution prospect. Specifically, this study develops reasoning whereby imports under the trilemma management can give some decisive advantage to FII at the cost of FDI to manage Indian import-led growth. Second, it underlines how the related policies, especially the sterilization interventions, constrain the interactions of higher domestic investments (domestic savings), spillover impacts of imports of intermediate and capital goods, and specialized FDI. If so, the Indian economy’s import-led growth can indicate FII and FDI tradeoffs. The study uses the ARDL regression method. The results show that the Indian policy-led macro environment can limit the scope of specialized FDI that aims to induce advanced domestic investment, exports, and FDI interactions. India’s focus on import-led growth thereby underpins how FII substitutes FDI.

JEL Classification F21, F3, F4, O11, O14

2b:T468,

The Food and Agriculture Organization considers imports crucial to food security (FS) based on their inclusion in the FS definition. Given the broadening of the definition of FS to more than just food availability, the real impact of imports on FS is questionable. This article analyzes the effect of imports on FS in 56 lower-middle income countries from 2011 to 2016. Adopting the generalized method of moments technique, the estimation results point to the negative effects of imports on FS. The breakdown analysis for each dimension indicates that the level of food availability tends to be higher with imports. This could be why imports are considered part of FS measurement. However, the remaining three dimensions, level of food accessibility, utilization, and stability, do against imports. This could explain why the negative impacts of imports outweigh the positive ones in the net. This study indicates that the inclusion of imports in FS can help to secure stable food supplies and meet shortfalls in local production through a better import regulation system.

JEL Classification O11, Q00

2c:T422,

Maintaining an acceptable level of trade deficit is one of the main challenges of the trade policy in developing countries like Morocco. Therefore, studying the most influential factors of the export function is of foremost importance. In this regard, our article studies the impact of a set of supply and demand determinants on export behavior in Morocco for the period Q1-1998–Q4-2018. The study uses an ARDL bound testing approach with structural breaks, extending to a future projection using the dynamic ARDL. The results of this study show that financial development, natural resources, and foreign investment output significantly influence Morocco’s export behavior. Consequently, forging a multidimensional policy that ensures the optimal allocation of financial resources, the modernization of the agricultural and phosphate sectors, and the transfer of know-how from foreign investors are some of the structural recommendations that will allow the promotion of exports in the future.

JEL Classification C32, F14, F17

2d:T4bf,

This study offers an analytical evaluation of the effects of Free Trade Area (FTA) agreements on trade, revenue, and welfare in Nigeria. The study applied World-Integrated Trade Solution/Software for Market Analysis and Restrictions on Trade (WITS-SMART), anchored on a partial equilibrium model (PEM) for its simulations. The study simulated 100% tariff elimination on selected products under Harmonized System (HS)-2 classification code sourced from Trade Analysis Information Systems (TRAINS) and Common Format for Transien