Openness and its relation with economic growth is one of the controversial issues in economics. Recent years, various mechanisms of openness influencing on economic growth is considered. One of the mentioned mechanisms is the impact of openness on economic growth through economic growth in tradingpartners countries.
By Using an unbalanced panel data analysis, this study evaluates the impact of trading partners' economic growth on economic growth of the member countries of the Organization of Petroleum Exporting Countries (OPEC) for the period of 1960-2004.
The results indicate that there is statistically positive and significant effect of trading partners’ economic growth, investment, human capital and opennesson economic growth in OPEC member countries and there is negative effect among initial GDP, inflation, government expenditure andeconomic growth in OPEC member countries. The results are robust and are not sensitive where other determinants of economic growth were added to the model. This is also true in different samples.
Salmani,B and Fattahi,M . (2013). The Importance of Trading Partners’ Economic Growth on Economic Growth: the Case Study of OPEC Member Countries. (e28375). Monetary & Financial Economics, 19(4), e28375 doi: 10.22067/pm.v19i4.29314
MLA
Salmani,B , and Fattahi,M . "The Importance of Trading Partners’ Economic Growth on Economic Growth: the Case Study of OPEC Member Countries" .e28375 , Monetary & Financial Economics, 19, 4, 2013, e28375. doi: 10.22067/pm.v19i4.29314
HARVARD
Salmani B, Fattahi M. (2013). 'The Importance of Trading Partners’ Economic Growth on Economic Growth: the Case Study of OPEC Member Countries', Monetary & Financial Economics, 19(4), e28375. doi: 10.22067/pm.v19i4.29314
CHICAGO
B Salmani and M Fattahi, "The Importance of Trading Partners’ Economic Growth on Economic Growth: the Case Study of OPEC Member Countries," Monetary & Financial Economics, 19 4 (2013): e28375, doi: 10.22067/pm.v19i4.29314
VANCOUVER
Salmani B, Fattahi M. The Importance of Trading Partners’ Economic Growth on Economic Growth: the Case Study of OPEC Member Countries. Monetary & Financial Economics. 2013;19(4):e28375 (In Persian). doi: 10.22067/pm.v19i4.29314
