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An Analysis Of The Intra-Regional Trade In The Middle East And North Africa Region

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  • E. M. Ekanayake
  • John R. Ledgerwood

Abstract

This paper analyzes the intra-regional trade and investment flows in the Middle East and North Africa (MENA) region using an augmented gravity model applied to panel data. The study uses annual trade and investment data for the period 1980-2006. There is a growing awareness among countries in the MENA region regarding the importance of international trade and foreign direct investment for stimulating growth and integrating into the world economy. The research will attempt to achieve the following objectives: (a) analyze the intra-regional trade and investment flows in the MENA region; (b) identify the major determinants of trade and investment flows in the MENA region using an augmented gravity model applied to panel data; and (c) measure the effect of preferential trading arrangements in the region on members’ trade and investment with other MENA countries.

Suggested Citation

  • E. M. Ekanayake & John R. Ledgerwood, 2009. "An Analysis Of The Intra-Regional Trade In The Middle East And North Africa Region," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 3(1), pages 19-29.
    • Handle: RePEc:ibf:ijbfre:v:3:y:2009:i:1:p:19-29
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    References listed on IDEAS

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    Cited by:

    1. Irena Mikolajun & Jean-Marie Viaene, 2015. "Trade, Factor Mobility and the Extent of Economic Integration: Theory and Evidence," Tinbergen Institute Discussion Papers 15-096/VI, Tinbergen Institute.
    2. Güzin Bayar, 2018. "Estimating export equations: a survey of the literature," Empirical Economics, Springer, vol. 54(2), pages 629-672, March.
    3. Imad El-Anis, 2018. "Economic Integration and Security in the Middle East and North Africa: What Prospects for a Liberal Peace?," Journal of Developing Societies, , vol. 34(3), pages 233-263, September.
    4. Irena Mikolajun & Jean-Marie Viaene, 2015. "Trade, Factor Mobility and the Extent of Economic Integration: Theory and Evidence," CESifo Working Paper Series 5481, CESifo.

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    More about this item

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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