Effect of Economic Convergence on Trade Relations between WTO Members and other Selected Unions
Abstract:
After establishment of the World Trade Organization (WTO) in 1995, not only all countries around the world had to receive progressively the WTO accession but also those that had higher economic potentials benefited further advantages from their memberships. One goal which has been followed by the WTO has relied on economic convergence. It is now a time to ask whether convergence in monetary policy, interest rate and exchange rate expands trade relations between the WTO members and between members of other economics unions such as EU, ASEAN and NAFTA. The purpose of this paper is to find out an empirical answer through analyzing relationship between economic convergence and international trade flows. To this end, we examine such effects on trade by specifying a panel econometric model using data of 126 countries worldwide during the period 1995-2004. The empirical results emphasize the role of global financial convergence on expanding trade relations between members of the WTO and other selected unions.
Language:
Persian
Published:
Journal of Economic Research, Volume:46 Issue: 94, 2011
Pages:
137 to 150
magiran.com/p860290
دانلود و مطالعه متن این مقاله با یکی از روشهای زیر امکان پذیر است:
اشتراک شخصی
با عضویت و پرداخت آنلاین حق اشتراک یکساله به مبلغ 1,390,000ريال میتوانید 70 عنوان مطلب دانلود کنید!
اشتراک سازمانی
به کتابخانه دانشگاه یا محل کار خود پیشنهاد کنید تا اشتراک سازمانی این پایگاه را برای دسترسی نامحدود همه کاربران به متن مطالب تهیه نمایند!
توجه!
- حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران میشود.
- پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانههای چاپی و دیجیتال را به کاربر نمیدهد.
In order to view content subscription is required
Personal subscription
Subscribe magiran.com for 70 € euros via PayPal and download 70 articles during a year.
Organization subscription
Please contact us to subscribe your university or library for unlimited access!