|
Feasibility of Trading Block Implementation: The Case of Iran and Selected Countries
|
Seyed Komeil Tayebi *   |
|
|
|
Abstract: (13626 Views) |
| Economic integration is considered as a policy by which trade barriers
should be relaxed gradually or disappear fully among members of a
trading block. Integration arrangements are implemented to make
economic policies beneficial to members in order to strengthen their
economic relations. In principle, integration refers to unified
monetary, financial and trade policies that countries of an economic
:::union::: have agreed upon.
Applying the panel data model to the gravity theory, this paper
examines the effects of trade integration on trade flows between Iran
and selected economic blocks over the period of 1992-2003. The
results obtained imply that trade integration between Iran and the
economic blocks like the European :::union::: (EU), PGCC, D8 and East
Asian countries can lead to trade creation, while the trade intensities
of the EU-Iran and East Asia-Iran are more pronounced than those of
the others. |
|
| Keywords: Trade Integration, Gravity Theory, Trade Blocks, Panel Data |
|
|
Full-Text [PDF 281 kb]
(2039 Downloads)
|
|
Type of Study: Research |
Subject:
General
|
|
|
|
|
|
|
| Add your comments about this article |
|
|
|
