Moves Towards an Islamic Common Market: Evaluation of the Potentials

Said Jafarli

EconStor Open Access Articles and Book Chapters, 2017, vol. 38, issue 3, 169-198

Abstract: The Organization of Islamic Cooperation members had proposed the establishment of an Islamic Common Market among themselves in the early 1970s. This notion currently listed among the core objectives of the Organization and, to this end, the members adopted the TPS agreement in 1990. This study provides the first systematic and comprehensive evaluation of the TPS signatories’ potential to increase economic cooperation by applying five different trade indexes. The findings reveal different characteristics of the TPS countries and shed light on their potential for enhancing economic cooperation. In general, the results are in favor of the establishment of a Preferential Trade Agreement among the TPS signatories.

Keywords: Islamic Common Market; Export potentials; Trade Intensity Index; Growth Orientation of Markets Index; Trade Complementary Index; Herfindahl-Hirschman Market Concentration index; Herfindahl-Hirschman Product Concentration index; Organization of Islamic Cooperation; Trade Preferential System among the Member States of the OIC; TPS-OIC (search for similar items in EconPapers)
JEL-codes: F10 F13 F14 F15 F40 F50 F53 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/163428/1/J ... ic-Common-Market.pdf (application/pdf)

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:zbw:espost:163428

Access Statistics for this article

More articles in EconStor Open Access Articles and Book Chapters from ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().