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Investigating the importance of human and social capital in the trade of ECO members and their asymmetric effects on industrial and agricultural goods
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Maryam Sadeghi *   , Rahman Saadat |
| , maryamsadeghi@semnan.ac.ir |
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Abstract: (2771 Views) |
| According to Porter (1990) theory, countries go through different stages in the development path: the first stage is the export of raw materials and raw materials, the second stage is the export of industrial capital products, the third stage is the export of knowledge products and finally the class war for more wealth. . This paper examines the behavior of the development path through the trade of members of the Organization for Economic Co-operation and Development (EEC) in the form of the Global Attraction Model. This was done in separate estimates for ECO member countries separately for industrial and agricultural exports. The results indicate that the importance and impact factor of factors affecting industrial exports such as GDP, human capital and social capital for industrial goods is much higher and more than agricultural products and raw materials, and ECO members instead of focusing on achieving In the next stages of development, it is better to increase the accumulation of human and social capital. |
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| Keywords: Human Capital, Social Capital, Gravity Model, Global Trade, PPML Estimation |
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Full-Text [PDF 518 kb]
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Type of Study: Research |
Subject:
Special
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