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J. Mon. Ec. 2013, 8(1): 169-181 Back to browse issues page
Studying Iranian Economic Integration with OIC Members Using Gravity Model
Seyed Mohammad Fahimifard
Mashhad Chamber of Commerce, Industry, Mines and Agriculture
Abstract:   (2867 Views)

OIC members have much potential in their economic development. Therefore, their economic integration leads to more increment for partners and deal
with global system as a unique organization. Consequently, studying the convergence of OIC members and their encountered challenges has especial importance which can assist the policy makers to develop their commercial relationship and consequently employment enhancing and economic situation improvement in future planning. Therefore, in this research the commercial effects of selected OIC members during 2005-2011 were modeled using gravity method. Results showed that from the basic gravity equation, the economy size of other 6 OIC members is the main determinant in the Iranian bilateral trade relationship. Thereby, 1% increase in the economy size of other 6 OIC members, leads to 0.91% increase in the volume of trade inflows between considered OIC members.

JEL Classification: F15, F36, O11

Received: 1/6/2013                        Approved: 7/29/2013

Keywords: Economic integration, Gravity model, OIC, Iran
Full-Text [PDF 287 kb]   (1162 Downloads)    
Type of Study: Research | Subject: Economics
Received: 2014/10/1 | Accepted: 2014/10/1 | Published: 2014/10/1
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Fahimifard S M. Studying Iranian Economic Integration with OIC Members Using Gravity Model. J. Mon. Ec.. 2013; 8 (1) :169-181
URL: http://jme.mbri.ac.ir/article-1-88-en.html


Volume 8, Issue 1 (Winter 2013) Back to browse issues page
Journal of Money and Economy Journal of Money And Economy
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