Identify Factors Affecting the Exports and Imports of NAM Member Countries with Emphasis on Institutional Governance Index

Exports and imports are such macroeconomic variables that by relation to the world and optimal allocation of resources are very important. One of the affecting variables on imports and exports is institutional variables, and one of the most important variables is governance. Therefore this study examines the impact of the ruling on exports and imports of goods and services in selected countries of the Non-Aligned Movement during the period 1996-2012. The results show that the impact of institutional variables governing on the import and export of goods and services of surveyed countries is positive and significant. Also the membership variables in the World Trade Organization and the abundance of natural resources have positive and significant impact on exports and imports of goods and services. The variables of trade partners income has also significant and positive impact on the export of goods and services of considered countries. Also per capita income on imports of goods and services has significant and positive effect. The effect of combination variable of inflation rate differential with official exchange rate on the exports of goods and services is negative and meaningful and on imports of goods and services is positive and meaningful. It should be noted that mutual influence of governance index and the abundance of natural resources on exports and imports of goods and services on the both dependent variables is significant and positive.