Employing FAHP to de-codify the determinants of trade agreements: a case of the EU-India trade talks

This paper employs an interdisciplinary approach that combines economics with Fuzzy Analytic Hierarchy Process (FAHP) approach to de-codify the anatomy of free trade agreements (FTA) determinants focusing, in particular, on the case of EU-India FTA. The novelty of this paper is the systematic empiri...

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Main Authors: Sangeeta Khorana, Jaemin Cho, Jaeho Lee, Marta Disegna
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2018-12-01
Series:Technological and Economic Development of Economy
Subjects:
Online Access:https://www.bme.vgtu.lt/index.php/TEDE/article/view/6618
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author Sangeeta Khorana
Jaemin Cho
Jaeho Lee
Marta Disegna
author_facet Sangeeta Khorana
Jaemin Cho
Jaeho Lee
Marta Disegna
author_sort Sangeeta Khorana
collection DOAJ
description This paper employs an interdisciplinary approach that combines economics with Fuzzy Analytic Hierarchy Process (FAHP) approach to de-codify the anatomy of free trade agreements (FTA) determinants focusing, in particular, on the case of EU-India FTA. The novelty of this paper is the systematic empirical analysis of the FTA determinants using FAHP. More than a hundred businesses and trade practitioners were interviewed in the EU and India to understand the lack of momentum in FTA talks. Our findings indicate that economic and political criteria are predominant FTA determinants, with market access potential (economic) as important factors driving the EU-India FTA talks. Given that results suggest similar perceptions of both the EU and India interview-ees to FTA determinants it is likely that the EU and India could find common ground and resume the languishing FTA negotiations.
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spelling doaj.art-06373f3a6b674ee08228bc75605ff2612022-12-21T20:19:56ZengVilnius Gediminas Technical UniversityTechnological and Economic Development of Economy2029-49132029-49212018-12-0124610.3846/tede.2018.6618Employing FAHP to de-codify the determinants of trade agreements: a case of the EU-India trade talksSangeeta Khorana0Jaemin Cho1Jaeho Lee2Marta Disegna3The Business School, Faculty of Management, Bournemouth University, 89 Holdenhurst Road, Bournemouth BH8 8EB, United KingdomCollege of Business Administration, University of Ulsan, 93 Daehak-ro, Mugeo-dong, Nam-gu, Ulsan, Republic of KoreaDepartment of International Business and Trade, Kyung Hee University, 26 Kyunghee-daero, Dongdaemun-gu, Seoul, 02447, Republic of KoreaThe Business School, Faculty of Management, Bournemouth University, 89 Holdenhurst Road, Bournemouth BH8 8EB, United KingdomThis paper employs an interdisciplinary approach that combines economics with Fuzzy Analytic Hierarchy Process (FAHP) approach to de-codify the anatomy of free trade agreements (FTA) determinants focusing, in particular, on the case of EU-India FTA. The novelty of this paper is the systematic empirical analysis of the FTA determinants using FAHP. More than a hundred businesses and trade practitioners were interviewed in the EU and India to understand the lack of momentum in FTA talks. Our findings indicate that economic and political criteria are predominant FTA determinants, with market access potential (economic) as important factors driving the EU-India FTA talks. Given that results suggest similar perceptions of both the EU and India interview-ees to FTA determinants it is likely that the EU and India could find common ground and resume the languishing FTA negotiations.https://www.bme.vgtu.lt/index.php/TEDE/article/view/6618free trade agreementnegotiationsfuzzy AHPfuzzy numbers
spellingShingle Sangeeta Khorana
Jaemin Cho
Jaeho Lee
Marta Disegna
Employing FAHP to de-codify the determinants of trade agreements: a case of the EU-India trade talks
Technological and Economic Development of Economy
free trade agreement
negotiations
fuzzy AHP
fuzzy numbers
title Employing FAHP to de-codify the determinants of trade agreements: a case of the EU-India trade talks
title_full Employing FAHP to de-codify the determinants of trade agreements: a case of the EU-India trade talks
title_fullStr Employing FAHP to de-codify the determinants of trade agreements: a case of the EU-India trade talks
title_full_unstemmed Employing FAHP to de-codify the determinants of trade agreements: a case of the EU-India trade talks
title_short Employing FAHP to de-codify the determinants of trade agreements: a case of the EU-India trade talks
title_sort employing fahp to de codify the determinants of trade agreements a case of the eu india trade talks
topic free trade agreement
negotiations
fuzzy AHP
fuzzy numbers
url https://www.bme.vgtu.lt/index.php/TEDE/article/view/6618
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