The Impact of Trade Liberalization on Export Growth and Import Growth in Members of the Organization of Islamic Cooperation (OIC)

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SARLAK AHMAD; GHIASI MOJTABA

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Paper Information

Journal: IRANIAN JOURNAL OF APPLIED ECONOMICS Year:2018 | Volume:8 | Issue:25 Page(s): 61-71

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Information Journal Paper

Title

The Impact of Trade Liberalization on Export Growth and Import Growth in Members of the Organization of Islamic Cooperation (OIC)

Author(s)

SARLAK AHMAD | GHIASI MOJTABA | Issue Writer Certificate

Keywords

Trade liberalizationQ2

Export growthQ1

Import growthQ1

panel dataQ2

Abstract

The present paper examines the impact of Trade liberalization on imports and exports of Islamic cooperative countries using the dynamic data panel of the data panel over the period 1981-2015. For this purpose, it has been shown by the Generalized Method of Moments (GMM) that commercial liberalization has a significant effect on the growth of these countries' exports and imports, and this effect on Import growth far exceeds the effect on Export growth. Therefore, the results of the research reflect the fact that the status of trade balance of the countries studied has become worse with the choice of the policy of Trade liberalization. The results also show that with the liberalization of trade, the price elasticity of demand for exports and imports has increased significantly, but Trade liberalization has not had much effect on the growth of import demand and export demand. In addition to examining the timing of business liberalization, the results of the study indicate that the short-term effect of Trade liberalization on imports is instantaneous, while this effect is much slower for Export growth.

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APA: Copy

SARLAK, AHMAD, & GHIASI, MOJTABA. (2018). The Impact of Trade Liberalization on Export Growth and Import Growth in Members of the Organization of Islamic Cooperation (OIC). IRANIAN JOURNAL OF APPLIED ECONOMICS, 8(25 ), 61-71. SID. https://sid.ir/paper/202049/en

Vancouver: Copy

SARLAK AHMAD, GHIASI MOJTABA. The Impact of Trade Liberalization on Export Growth and Import Growth in Members of the Organization of Islamic Cooperation (OIC). IRANIAN JOURNAL OF APPLIED ECONOMICS[Internet]. 2018;8(25 ):61-71. Available from: https://sid.ir/paper/202049/en

IEEE: Copy

AHMAD SARLAK, and MOJTABA GHIASI, “The Impact of Trade Liberalization on Export Growth and Import Growth in Members of the Organization of Islamic Cooperation (OIC),” IRANIAN JOURNAL OF APPLIED ECONOMICS, vol. 8, no. 25 , pp. 61–71, 2018, [Online]. Available: https://sid.ir/paper/202049/en

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