OPEC’s Benefit for the Member Countries

Mercosur: Implications for Growth in Member Countries

In this edition of Current Issues, we touch on a number of these issues as we explore the impact of Mercosur on the trade patterns and growth of the participating countries. Although we make no claims as to the net effects of the customs union on national welfare, we do cite some persuasive evidence that Mercosur has shifted trade in many manufactured goods to higher cost member countries. In a...

The Ranking Of The OIC Member Countries Based On Factors Influencing Their Inward Foreign Direct Investments

A Panel Data Analysis of South Korea’s Trade with OPEC Member Countries: The Gravity Model Approach

Abstract T his paper explains bilateral trade patterns between South Korea and thirteen OPEC member countries over the period 1980-2014 using a gravity model. The estimation results show that the gravity equation fits the data reasonably well. We confirmed the existence of long term relationships between the bilateral trade flows and the main components of gravity model - ...

Investigating the Transmission of Financial Stress Index Fluctuations on Macroeconomic Indicators of Selected Opec Member Countries

Stress in financial markets is defined as the force influencing the behavior of economic agents in the form of uncertainty and changing expectations, the critical values ​​of which are called financial crisis. Increasing oil revenues may have positive effects on aggregate supply through increased investments, especially public sector investment, as well as the import of capital and intermediate...

Investigate the Real Effective Exchange Rate Misalignment in OPEC Member Countries

The effective real exchange rate is one of the variables that can Misalignment from equilibrium values, Performance affects macroeconomic indicators and creates an unstable and uncertain environment in the economy. Therefore, in order to investigate the factors affecting the real effective exchange rate Misalignment in OPEC member countries during the period 1980-1980, first, in the framework o...