Does more trade potential remain in Arab states of the Gulf?
This paper examines whether the Gulf Cooperation Council Countries (GCC) exerted any trade enhancing impact on its members by employing standard augmented gravity model as well as stochastic frontier gravity model. Panel data sets are constructed over the period of 1980 to 2008 for imports and expor...
| Main Authors: | , , |
|---|---|
| Format: | Journal Article |
| Published: |
Center for International Economics, Sejong Institution Sejong University
2011
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/26659 |
| _version_ | 1848752049331634176 |
|---|---|
| author | Salim, Ruhul Kabir, M. Mawali, N. |
| author_facet | Salim, Ruhul Kabir, M. Mawali, N. |
| author_sort | Salim, Ruhul |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This paper examines whether the Gulf Cooperation Council Countries (GCC) exerted any trade enhancing impact on its members by employing standard augmented gravity model as well as stochastic frontier gravity model. Panel data sets are constructed over the period of 1980 to 2008 for imports and exports of the bloc’s main trading partners along with GCC countries. The major finding is that the trade enhancing effect of the bloc is significant. However, there is still huge unutilized trade potential between the member countries. Several diagnostic tests were run to check and rectify possible problems of heteroskedasticity and autocorrelation as well as cross-sectional dependence. |
| first_indexed | 2025-11-14T08:02:26Z |
| format | Journal Article |
| id | curtin-20.500.11937-26659 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:02:26Z |
| publishDate | 2011 |
| publisher | Center for International Economics, Sejong Institution Sejong University |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-266592017-03-08T13:13:30Z Does more trade potential remain in Arab states of the Gulf? Salim, Ruhul Kabir, M. Mawali, N. Trade Effect Trade Potential Contemporaneous Correlation Gravity Model GCC This paper examines whether the Gulf Cooperation Council Countries (GCC) exerted any trade enhancing impact on its members by employing standard augmented gravity model as well as stochastic frontier gravity model. Panel data sets are constructed over the period of 1980 to 2008 for imports and exports of the bloc’s main trading partners along with GCC countries. The major finding is that the trade enhancing effect of the bloc is significant. However, there is still huge unutilized trade potential between the member countries. Several diagnostic tests were run to check and rectify possible problems of heteroskedasticity and autocorrelation as well as cross-sectional dependence. 2011 Journal Article http://hdl.handle.net/20.500.11937/26659 Center for International Economics, Sejong Institution Sejong University restricted |
| spellingShingle | Trade Effect Trade Potential Contemporaneous Correlation Gravity Model GCC Salim, Ruhul Kabir, M. Mawali, N. Does more trade potential remain in Arab states of the Gulf? |
| title | Does more trade potential remain in Arab states of the Gulf? |
| title_full | Does more trade potential remain in Arab states of the Gulf? |
| title_fullStr | Does more trade potential remain in Arab states of the Gulf? |
| title_full_unstemmed | Does more trade potential remain in Arab states of the Gulf? |
| title_short | Does more trade potential remain in Arab states of the Gulf? |
| title_sort | does more trade potential remain in arab states of the gulf? |
| topic | Trade Effect Trade Potential Contemporaneous Correlation Gravity Model GCC |
| url | http://hdl.handle.net/20.500.11937/26659 |