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:: Volume 18, Issue 54 (Summer 2010) ::
qjerp 2010, 18(54): 123-146 Back to browse issues page
Trade Integration and Business Cycles Synchronization with Emphasis on Regional Arrangements Among OIC Nations
Farzad Karimi * , Seyed Komail Tayebi
, farzadkarimi@mau.ac.ir
Abstract:   (11320 Views)
The new theories available in the international trade emphasize on the synchronization of economic fluctuations arising from trade integration and multilateral trade flows among countries. This paper verifies this relationship among 56 Islamic countries classifying into the three major blocks: D8, GCC and ECO. The empirical results obtained by this research, through measuring different indexes, show a pronounced and significant relationship between trade integration and the synchronization of economic fluctuations among these countries during 1990-2005, in particular. Further more the result show that regional block arrangements play significant roles to integrate trade and synchronize business cycles in the OIC nations. In comparison, the highest synchronization is found among the D8 member countries.
Keywords: Trade Integration, Business Cycles Synchronization, OIC Nations, Regional Block Arrangements
Full-Text [PDF 424 kb]   (2474 Downloads)    
Type of Study: Research | Subject: General
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Karimi F, Tayebi S K. Trade Integration and Business Cycles Synchronization with Emphasis on Regional Arrangements Among OIC Nations . qjerp 2010; 18 (54) :123-146
URL: http://qjerp.ir/article-1-240-en.html


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Volume 18, Issue 54 (Summer 2010) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
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