• Dr.MOHD NASEEM SIDDIQUI
• SUMAN RAWAT

“With proliferating preferential buying and selling agreements, one has global crisscrossing of possibilities described by means of special rules of foundation and unique tariff charges on equal merchandise depending on in which a product originates.The conditional distribution of the established variable is then altered and OLS estimation is inconsistent. Heteroskedasticity does not affect the parameter estimates; the coefficients need to nevertheless be independent, however it biases the variance of the estimated parameters and, therefore, the t-values can't be depended on. hence, the latest literature concerning estimation techniques has opted to use nonlinear methods in addition to elements models for estimating the gravity equation.” So there are extraordinary estimation strategies for gravity equation. in this context Herrera has written “every technique has advantages and downsides and it can not be asserted that any one of them without a doubt outperforms the others. for that reason, it has come to be a frequent exercise within the literature to consist of several estimation strategies for the same database”

P-Proliferating,M-Merchandise,P-Parameter,E-Extraordinary,D-Database

"A LITRATURE REVIEW OF GLOBALIZATION IMPACT FOR FOREIGN TRADE IN INDIAN ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.4, Issue 7, page no.431-444, July-2017, Available :http://www.jetir.org/papers/JETIR1707073.pdf

"A LITRATURE REVIEW OF GLOBALIZATION IMPACT FOR FOREIGN TRADE IN INDIAN ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.4, Issue 7, page no. pp431-444, July-2017, Available at : http://www.jetir.org/papers/JETIR1707073.pdf