Does Trade Openness has Noteworthy effect on Bilateral Trade Flows of E.C.O. Countries; an Empirical Investigation

Gulzar Ali
Additional contact information
Gulzar Ali: School of Economics, Huazhong University of Science and Technology, Wuhan, Hubei, P.R China; Department of Economics, Islamia College University Peshawar, KPK, Pakistan.

Timisoara Journal of Economics and Business, 2016, vol. 9, issue 2, 95-114

Abstract: This study empirically investigated the effect of trade liberalization on the bilateral trade flows of 2 ECO (Pakistan, Turkey and Iran) countries using annual time series data for the period of 1980-2016. The study applied unit root test, bound testing approach and ARDL regression analysis technique to empirically examine the role and impact of trade openness on bilateral trade flows of ECO countries. The empirical results found long-run positive and significant effect of trade openness on bilateral trade flows of ECO countries. Further, the study concluded that trade openness playing an important role in exports as well as in fulfilling the requirements by imports. The findings of the study might provide significant guidelines to policy makers to initiate rules and regulations for the improvement in international trade that might help in attainment of sustainable foreign exchange reserves and economic growth of ECO countries.

Keywords: E.C.O. Countries; Bilateral Trade; ARDL regression analysis; diagnostic & stability analysis. (search for similar items in EconPapers)
JEL-codes: O (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.tjeb.ro/index.php/tjeb/article/view/TJE ... ol9-iss2-art2-95-104 (application/pdf)
http://www.tjeb.ro/index.php/tjeb/article/view/TJEB9-2-95to114 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wun:timjeb:tjeb:v09:y2016:i02:a02

Ordering information: This journal article can be ordered from
16 J. H. Pestalozzi Street, 300115 Timisoara Romania
http://www.tjeb.ro

Access Statistics for this article

Timisoara Journal of Economics and Business is currently edited by Mihaela Neamtu and Camelia Margea

More articles in Timisoara Journal of Economics and Business from West University of Timisoara, Romania, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Romeo Margea ().