Investigating the effect of financial risk on industrial exports and intra-group industrial exports of member countries of the Organization of Islamic Cooperation (OIC)
mehdi jahanbakhsh porjabari
1
(
Department of Economics, Faculty of Management and Economics, Dahaghan Islamic Azad University, Isfahan, Iran
)
فرزاد کریمی
2
(
هیئت علمی دانشگاه آزاد اسلامی واحد مبارکه
)
mostafa rajabi
3
(
Department of Economics, Faculty of Economics, Khomeini Shahr Islamic Azad University, Isfahan, Iran
)
Keywords: industrial export, OIC countries, financial risk, pseudo-Poissin maximum likelihood method,
Abstract :
Based on this, the main goal of this article is to evaluate the financial risk impact of bilateral industrial exports of OIC member countries in front of more than one hundred trading partners and also from the perspective of intra-group trade in these countries along with other traditional variables of the gravity model. This study examines the total and intragroup export patterns of this group of countries from the point of view of the gravity model and the pseudo-Poissian Maximum Likelihood method during the period from 2002 to 2021. The results show that the financial risk has affected the intragroup industrial export pattern of these countries. Financial risk, despite being statistically significant, has an opposite sign; That is, with the increase in financial risk, the flow of industrial trade is strengthened. Therefore, it seems that the industrial production companies of the OIC member countries should manage financial risks in expanding their export activities within the framework of regional cooperation. The variables of common border and gross domestic product of origin and destination countries with a positive sign and weighted distance with a negative sign and significant at the error level of one percent, the flow of exports of industrial This study suggests that member countries of the organization pay more attention to the role of financial risk in the formation of their industrial export patterns.
باقریان کاسگری، باقر (1402)، تأثیر لجستیک تجاری در صادرات صنعتی دوجانبه ایران با رویکرد مدل جاذبه، پژوهشنامه بازرگانی، شماره 106، صص 105-106
درینی، ولی محمد؛ پورمقدم، هادی اسماعیل و دهباشی، وحید (1395). تجزیه و تحلیل تأثیر بیثباتی سیاسی با توجه به موقعیت ژئوپلیتیکی ایران بر تجارت بینالملل، پژوهش‌های سیاسی جهان اسلام، شماره 20.
گوگردچیان، ا؛ و میرجابری، ز. (۱۳۹۶). ارزیابی تأثیر ریسک سیاسی و ریسک بازرگانی بر صادرات غیرنفتی ایران به عمده‌ترین کشورهای هدف صادرات با تأکید بر بیمه اعتبار صادراتی. نشریه علمی - پژوهشی سیاست‌گذاری اقتصادی، سال نهم، شماره هفدهم، 18-15.
نوروزی، بیتا (1398)، بانک توسعه اسلامی و راهنمای تأمین مالی بخش‌های صادراتی، تهران: چاپ و نشر بازرگانی
Abreo,C, Bustillo,R& Rodriguez,C(2021), The role of institutional quality in the international trade of a Latin American country: evidence from Colombian export performance, Journal of Economic Structures volume 10, Article number: 24 Agarwal, J. and D. Feils(2007),Political risk and the internationalization of firms: An empirical study of Canadian-based export
and FDI firms. Can. J. Adm. Sci. 24:165–181. Ahmed, S. (2009), Are Chinese exports sensitive to changes in the exchange rates. Federal Reserve Board International Finance Discussion Paper No. 987.
Álvarez IC, Barbero J, Rodríguez-Pose A, Zofío JL (2018) Does institutional quality matter for trade? Institutional conditions in a sectoral trade framework. World Dev 103:72–87. https://doi.org/10.1016/j.worlddev.2017.10.010
