Seyed Komail Tayebi; Hoshang Shajari; Mohamad Vaez Barazani; Ahmad Googerdchain
Volume 12, Issue 36 , October 2008, , Pages 17-36
Abstract
The expansion of international trade has influenced deeply many economies to converge (Slaughter 1998). Now a question can be raised whether the establishment of an economic union (a currency union, for instance) can lead to income convergence or it may cause income divergence between members of that ...
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The expansion of international trade has influenced deeply many economies to converge (Slaughter 1998). Now a question can be raised whether the establishment of an economic union (a currency union, for instance) can lead to income convergence or it may cause income divergence between members of that union.
This paper examines whether the membership of countries in a block for trade expansion enables their economies to move toward income convergence, while the result should be different between countries in north, or north and south. To this end, the objective, the paper uses a difference-indifferences (DID) analysis to measure the rate of income convergence (divergence) before and after establishing a currency union. The results obtained approve that the implementing of currency union affects significantly and directly income convergence in the world, while this effect in much more pronounced in North-South countries than of North-South ones.
Seyed komail Tayebi; Ahmad Googerdchian
Volume 8, Issue 26 , April 2006, , Pages 181-203
Abstract
The petrochemical industry plays an important role in the world economy and has many forward and backward linkages with other sectors. So capacity expansion through attracting FDI in this industry can help economy of the host countries to reach; GDP growth, employment creation, technology transfer and ...
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The petrochemical industry plays an important role in the world economy and has many forward and backward linkages with other sectors. So capacity expansion through attracting FDI in this industry can help economy of the host countries to reach; GDP growth, employment creation, technology transfer and its spillover effects. The main purpose of this study is to present and estimate a FDI model which includes the major determinants of attracting FDI to the Iran's Petrochemical Industry. The model coefficients are estimated by the Panel Data, using observations of FDI and the relevant variables on a set of the Iranian individual petrochemical complexes, over the period 1993-2002. The estimation results indicate that: profitability of the host industry, the economic size (production capacity), the degree of openness of the industry and the level of R&D expenses affect significantly the inflow FDI to the Iran's Petrochemical Industry. In other words, improvement in the quantity and quality of such significant factors leads to the inflow of FDI to petrochemical industry of Iran and eventually expanding potential of this industry as well as other sectors dependent on petrochemical industry.
