Towards OIC economic cooperation

Impact of developing 8 (D-8) preferential trade agreement

Jamal Othman, Mustafa Acar, Yaghoob Jafari

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

The Developing 8 (D-8) comprises of eight developing countries (Turkey, Malaysia, Indonesia, Bangladesh, Pakistan, Iran, Egypt and Nigeria), all of which are OIC members with large Muslim populations. The D-8 has formed a freer trade alliance with the objectives to create new opportunities and enhance intra-trade relations while providing better standards of living for its citizens. This paper examines the trade impact of possible trade liberalization among the D-8 countries using a multi-country computable general equilibrium model, i.e., GTAP. Results indicate that while the D-8 intra-trade is expected to increase very substantially, not all member countries will experience a welfare gain under a free trade arrangement. Likewise, the impact on economic sectors differs substantially across countries.

Original languageEnglish
Article number1350009
JournalSingapore Economic Review
Volume58
Issue number2
DOIs
Publication statusPublished - Jun 2013

Fingerprint

Economic cooperation
Preferential trade agreements
Free trade
Bangladesh
Egypt
Muslims
Pakistan
Computable general equilibrium model
Standard of living
Iran
Nigeria
Turkey
Trade liberalization
Economic sectors
Indonesia
Developing countries
Malaysia
Alliances
Welfare gains

Keywords

  • Developing 8
  • economic integration
  • organization of Islamic countries
  • preferential trade arrangement
  • trade liberalization

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

Towards OIC economic cooperation : Impact of developing 8 (D-8) preferential trade agreement. / Othman, Jamal; Acar, Mustafa; Jafari, Yaghoob.

In: Singapore Economic Review, Vol. 58, No. 2, 1350009, 06.2013.

Research output: Contribution to journalArticle

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