Intra-Arab Trade: Is it too Little?

Tarik Yousef and Hassan Al-Atrash

No 2000/010, IMF Working Papers from International Monetary Fund

Abstract: This paper estimates a gravity model to address the issue of whether intra-Arab trade is too little. Although gravity models have been extensively used to measure bilateral trade among countries, they have—to the best of our knowledge—never been used to measure intra-Arab trade. Our results suggest that intra-Arab trade and Arab trade with the rest of the world are lower than what would be predicted by the gravity equation, suggesting considerable scope for regional—as well as multilateral—integration. The results also suggest that intra-GCC and intra-Maghreb trade are relatively low while the Mashreq countries exhibit a higher level of intragroup trade.

Keywords: WP; trade creation; Arab country; Arab countries; gravity model; trade; Mashreq country; trade diversion effect; reporting country; Andean Pact country; GCC country; oil-producing country; trade restrictiveness index; Exports; Imports; Gravity models; Trade barriers; Trade balance; Maghreb (search for similar items in EconPapers)
Pages: 20
Date: 2000-01-01
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Citations: View citations in EconPapers (53)

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