New Export Management Based on Full Gravity Model Policies (Case of Study: Organization of Islamic Conference Countries)

Subject Areas : Public administration

Sedige Atrkar roshan ¹ , Shamsollah Shirinbakhsh ² , hamide zamani ³

1 - Faculty Member, Department of Economics, Al-Zahra University
2 - Econometrics, Faculty of Social Sciences and Economics, Al-Zahra University (S), Tehran
3 - Faculty of Economics, Alzahra University, Tehran, Iran.

Received: 2024-05-05 Accepted : 2024-06-18 Published : 2024-09-25

Keywords: Business, Event, Member of the Islamic Conference Organization, Gravity Model, GLS ,

Abstract :

 New Export Management Based on Full Gravity Model Policies

(Case of Study: Organization of Islamic Conference Countries)

Sediqe Atrkar Roshan ¹

 Shamsollah Shirinbakhsh ²

Hamide Zamani ³

1 Associate Professor PhD in economics, Al-Zahra University (S), Tehran, [e-mail], Orcid: 0000000228099351

2Associate Professor, Department of Economics, Al Zahra University, Tehran, [e-mail], Orcid: 000000033103373x

3 PhD student in economics, Islamic Azad University of Sciences and Research, Tehran, [e-mail], Orcid: 0009000160454755

 

Received 20 May 2024    | Accepted 16 June 2024

Extended Abstract

Considering the phenomenon of economic globalization and the urgent need for countries to be more active in the international arena, increasing international trade has been placed on the agenda of many governments as one of the vital issues. Signing international agreements between countries that are geographically close or share religious and cultural values is known as an important strategy to increase trade between these countries.

 Due to its geographical location and special potential, the Organization of the Islamic Conference plays an important role in the global economy and the Islamic world. From this point of view, this study has investigated the factors affecting the volume of bilateral exports between the member countries of the Organization of Islamic Conference by using the (full) two-way gravity model and panel data.

 The results show that the gross domestic product of the exporting and importing countries, the population of the importing countries, the real exchange rate and the corruption perception index of the exporting country have a positive and significant effect on the volume of bilateral exports of the organization's members. Also, the geographical distance has a negative and significant impact on the volume of exports between these countries.

This research provides an analysis to explain the current situation and trends in bilateral export management between member countries of the Organization of Islamic Conference and offers suggestions for improving this management.

Therefore, the results of this analysis and the presentation of effective policies can help policymakers and decision-makers adopt more effective solutions to strengthen and improve trade relations with Islamic countries, especially in the case of Iran, the important points of which are mentioned:

Strengthening the manufacturing sectors in the member countries of the Organization of the Islamic Conference can help increase their production and export capacity. This will increase the competitiveness of countries in international markets. Therefore, it is recommended to create support platforms for domestic industries and manufacturing plants to increase efficiency and improve the quality of products, as well as to improve transportation and communication infrastructure to increase access to global markets and facilitate the sending of products abroad.

The increase in population in importing countries can lead to an increase in demand and, as a result, an increase in exports of the member countries of the Organization. Therefore, in order to increase the population and strengthen the target markets of imports, it is necessary to promote educational and social policies in order to increase the birth rate in importing countries and encourage the creation of suitable employment and job opportunities, especially for women, in order to increase the birth rate.

The real exchange rate in exporting and importing countries should be regulated in a way that encourages trade between these countries. This requires appropriate fiscal and monetary policies, so the central bank needs to establish a stable and reasonable exchange rate by using appropriate fiscal and monetary policies, as well as to strengthen control over the exchange rate and prevent unstable fluctuations by implementing effective policies.

Reducing corruption in exporting countries can increase international trust in these countries and, on the other hand, increase their exports to the member countries of the Organization of the Islamic Conference. Therefore, improving the judicial and legal system in order to pursue and punish corruption perpetrators, as well as developing a culture of transparency and increasing public awareness about the negative effects of corruption on the economy and society, is effective in this regard.

Given the negative effects of geographical distance on export volume, mobility in the field of transportation and facilitating trade exchanges between countries is important. Policies to reduce transportation problems and increase the efficiency of this process are necessary; Such as providing financial and tax facilities to international shipping companies to facilitate trade and reduce transportation costs, and

As well as improving transportation infrastructure and increasing connections between different transportation networks to reduce the time and costs of transporting goods.

 Research shows that, given the direct impact of these factors on the volume of bilateral exports between the OIC member countries, implementing these management suggestions will enable the strengthening of trade between the OIC member countries and Iran, increase economic prosperity, and sustainable development of the region.

In addition, to the findings of this study, research-based suggestions can be presented as follows: strengthening bilateral cooperation between the OIC member countries, especially focusing on countries that have relatively fewer trade relations; providing facilities, financial support, and providing tax breaks for businesses that operate in the field of trade with the OIC member countries; establishing mechanisms and systems for exchanging information and knowledge about business opportunities, market needs, trade laws, and market trends in the member countries; investing in the development of trade infrastructure such as ports, airports, roads, and railways to increase the movement and transfer of goods between these countries; providing training programs and courses to develop the export capabilities of businesses, especially small and medium-sized businesses, to enter the markets of the countries.

Member, promoting cultural and religious programs and activities to increase intercultural and religious exchanges between OIC member countries enhancing the level of transparency in commercial transactions, and combating corruption in member countries can promote improved bilateral export management between OIC member countries and contribute to the development of international trade in this region.

Keywords: Business, Event, Member of the Islamic Conference Organization, Gravity Model, GLS

Contribution of authors

All authors have participated in this research in equal proportion.

 Ethical approval

Written informed consent was obtained from the individuals for their anonym zed information to be published in this article.

Conflict of interest

No conflicts of interest are declared by the authors.

References:

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