Gulf Cooperation Council trade integration: a new empirical examination
by Walid Abdmoulah
International Journal of Trade and Global Markets (IJTGM), Vol. 4, No. 4, 2011

Abstract: This paper investigates GCC countries' trade integration. The gravity equation is estimated using Panel Zero-Inflated Negative Binomial specification and COMTRADE aggregate and disaggregated flows. Results confirm GCC countries' integration deficit on exports side, while being integrated to some extent on imports side and on some particular commodities. Moreover, economic size and distance differently affect trade according to its direction and the nature of goods. Finally, two major obstacles to integration are highlighted: ?Limited trade complementarity induced by excess reliance on oil and lagged industrialisation. ?Intensive trade with industrialised and some developing countries at the expense of GCC countries.

Online publication date: Wed, 08-Apr-2015

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