Suchergebnisse

The present article aims to analyse the impact of pilgrim tourism on bilateral relations and to identify the mediating effect of people-to-people contact. It further proposes to test the framework empirically in the neighbouring context of India and Nepal. To achieve the objective, random sampling is used, and 380 usable questionnaires are taken for testing the theoretical framework. Structural Equation Modelling (SEM) is used to assess the framework's fit and analyse the impact of pilgrim tourism on bilateral diplomatic relations while using people-to-people contact as a mediating variable. The study findings reveal that pilgrim tourism has a direct impact on improving the bilateral diplomatic relationship between India and Nepal. It also shows that people-to-people contact between India and Nepal acts as a mediating variable between pilgrim tourism and bilateral diplomacy. In a vast country like India, which shares a border with many nations, pilgrim tourism and people-to-people contact have great potential to remove barriers and increase bilateral treaties for better development of the nation. The present research developed a measurement instrument about bilateral relations from the stakeholder's perspective. It also proposed a structural model to elucidate the relationships between pilgrim tourism, people-to-people contact and bilateral diplomacy.

Over the years, emerging economies have extensively followed a liberal trade regime and witnessed unprecedented economic growth. At the same time, global uncertainty has also reached to the pinnacle and has gripped almost every country within its ambit. Trade openness though seems to be channelising negative spillover effects of global uncertainty, yet continues to flourish. Therefore, the economic implications of uncertainty in presence of unprecedented trade openness remain a moot question which lays the basis of this study. Using autoregressive distributive lag (ARDL) approach, the empirical estimates suggest that macroeconomic effects of uncertainty are effectively mitigated by trade openness.JEL Codes: C22, F14, C22

AbstractOver the years, world market is integrating at much faster pace through increasing trade openness. Not being an unmixed blessing, consistent efforts have been made to examine impact of trade openness on economic, environmental and social welfare. This study is an attempt to empirically examine the implications of trade openness on sustainable development in India since liberalization policy 1991. We used the Autoregressive Distributed Lag (ARDL) model to test the relationship between sustainable development and trade openness along with other control variables that are supposed to affect sustainable development. The results established supports the opinion of environmentalists. The empirical results are contrary to the conventionally held belief, indicating that trade shares a negative correlation with green GDP growth and positive correlation with gap between conventional GDP and green GDP. These findings support the arguments that trade openness tend to be both distorting and detrimental to the future generations.

The current article aims to analyse the effectiveness of the conversion of the Siachen Glacier into a peace park on India–Pakistan relations. It further investigates how the peace park can build mutual understanding leading to cooperation and peace between the two countries. The article presents the conceptual framework for adequate supervision of the Siachen Glacier jointly by India and Pakistan to mitigate the existing tensions and conflicts through tourism within the context of the tourism–peace nexus and peace park concept. The Siachen Peace Park proposition offers an amazing way out for the policymakers to diffuse tensions between the military establishments of India and Pakistan. Both the nations have been losing the lives of their soldiers among the snow-capped peaks not due to any gunfight but mainly because of climatic extremities and frostbite. The suggestion of the Siachen Peace Park has been explicated with the help of a four-stage peace park conversion model conceived by the authors, which gives a conceptual understanding of the outcomes of this Peace Park for both countries.