EFFECTS OF ECONOMIC INTEGRATION ON THE BALANCE OF PAYMENTS IN THE SELECTED DEVELOPING COUNTRIES

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SHAHRESTANI H.; HEYDARI A.A.

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Journal: Journal of Economic Modelling Year:2009 | Volume:3 | Issue:1 (7) Page(s): 1-26

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Title

EFFECTS OF ECONOMIC INTEGRATION ON THE BALANCE OF PAYMENTS IN THE SELECTED DEVELOPING COUNTRIES

Author(s)

SHAHRESTANI H. | HEYDARI A.A. | Issue Writer Certificate

Keywords

GRAVITY MODEL; ECONOMIC INTEGRATION; BALANCE OF PAYMENTQ2

Abstract

In this article, the effects of economic integration on the balance of payments in the selected developing countries have been examined through generalized Gravity Model by applying consolidated data during 1971-2006. Results indicate that trade balance is positively oriented in the long term period, leading to the improvement of BOP in the long-run, after applying economic integration plan. Furthermore, more trade liberalization in the member countries of the integration plan would lead to the increase of mutual trade (both export and import) among the member countries; therefore, both trade liberalization policy and economic integration plan would contribute to the economic development strategy, based on the export development.

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APA: Copy

SHAHRESTANI, H., & HEYDARI, A.A.. (2009). EFFECTS OF ECONOMIC INTEGRATION ON THE BALANCE OF PAYMENTS IN THE SELECTED DEVELOPING COUNTRIES. ECONOMIC MODELLING, 3(1 (7)), 1-26. SID. https://sid.ir/paper/176166/en

Vancouver: Copy

SHAHRESTANI H., HEYDARI A.A.. EFFECTS OF ECONOMIC INTEGRATION ON THE BALANCE OF PAYMENTS IN THE SELECTED DEVELOPING COUNTRIES. ECONOMIC MODELLING[Internet]. 2009;3(1 (7)):1-26. Available from: https://sid.ir/paper/176166/en

IEEE: Copy

H. SHAHRESTANI, and A.A. HEYDARI, “EFFECTS OF ECONOMIC INTEGRATION ON THE BALANCE OF PAYMENTS IN THE SELECTED DEVELOPING COUNTRIES,” ECONOMIC MODELLING, vol. 3, no. 1 (7), pp. 1–26, 2009, [Online]. Available: https://sid.ir/paper/176166/en

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