Factors Affecting Bilateral Trade between Iran and Regional Blocks
Subject Areas : Labor and Demographic Economics
Keywords: Foreign direct investment, Bilateral trade, Regional Blocks, Dynamic Panel Data,
Abstract :
Abstract In this paper we revisited the recent contribution study examines the determinants of bilateral trade between Iran and European Union,ECO, GCC and ASEAN countries in the period 1995-2009, using a dynamic panel data. The findings indicate that IRAN’ trade flows follow the Linder hypothesis. Results show that geographical distance is negative and significant; trade increases if the transportation costs decrease. We also introduce the economic dimension and income per-capita; these proxies confirm the positive effects in bilateral trade. Our results also confirm the hypothesis that foreign direct investment is positively correlated with trade.
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