Economic performance of the oic countries and the prospect of an islamic common market (pdf download available)


This paper examines economic performance of the OIC member countries and analyzes the prospect of Islamic common market by analyzing trade data within a gravity model framework. Stock market cnn futures There is scope of trade creation for OIC member countries if all impediments to trade and business can be eliminated. Pound euro exchange rate today The paper also examines various subregional grouping within the context of gravity model, and finds that D8 comprising eight bigger OIC member countries is trade creating. Usd jpy news For example, two countries in D8 block would trade 4.28 times more among themselves than two otherwise-similar country in outside the block would. Silver chart 100 years The paper suggests a number of policy parameters which if followed will lead to more trade among member countries. Us dollar euro exchange rate history The issue of Islamic common market should be examined further in light of new data and changed global perspectives. Pound sterling to us dollar exchange rate This paper is complements and extends Hassan (1999, 2009) and Hassan and Islam (2001), where similar conclusions were derived and policies were suggested.

[Show abstract] [Hide abstract] ABSTRACT: The Organization of the Islamic Conference (OIC) is the second largest intergovernmental organization after the United Nations Organization (UNO) with its 57 members.

Exchange rate usd to idr But until now, the OIC has not focused on economic integration as a whole. The millionaire next door summary Several OIC countries members initiate to build the D-8 which consists of Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey and try to develop a more intense economic cooperation. Exchange rate to usd Therefore, this research will explore the possibility of D-8 economic integration as well as to identify the macroeconomics conditions that would support the existence of such economic integration. Equity meaning in tagalog Several techniques are employed in the analysis. 1 usd to ngn black market Johansen cointegration technique is used to estimate the G-PPP model. 1 hkd to usd Panel data analysis and Vector Autoregression (VAR) is employed to analysis macroeconomic condition in D-8. Us dollar to canadian dollar chart The study found several significant findings in the D-8 economic cooperation. Us stock futures cnn The first finding is based on the G-PPP and output correlation suggests that the D-8 has great prospects for continued cooperation is more intensive. Binary to decimal converter Second, countries belonging to the D-8 have a similarity of patterns such as trade openness, financial sector growth and stability of the exchange rate which is the initial condition necessary to build a stronger economic cooperation.

[Show abstract] [Hide abstract] ABSTRACT: This paper investigates significant factors that improve international trade competitiveness of ASEAN5+4 countries. Euro forecast model Due to worldwide liberalization and globalization policies which promote borderless flow of capital and goods, international trade is vital to the development of emerging nations in attracting investments and facilitating expansion. Usd to sgd converter Results from this study uncover that exchange rate and economic growth play very significant role in improving trade competiveness and escalating cross-border trade. Binary decoder Inflation rate significantly affects India and the Philippines, while stock market only marginally affects trade of India and Singapore. Aud to usd bloomberg Additionally, growth in population affects developed nations negatively as in Japan and Singapore but positively on the Philippines. Usd rub chart This study provides policy propositions to developed and developing nations in the region on strategies to improve competitiveness, expand international trade and further enhance economic growth.

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