The Study of Institutional Factors and Regional Integration on Services Export

Document Type : Research Paper

Authors

1 Professor in University of Kordestan, Kordestan, Iran

2 Associated Professor in University of Tarbiyat Modares, Tehran, Iran

3 Assistant Professor in University of Tarbiyat Modares, Tehran, Iran

Abstract

The main object of this paper is to find out the impact of economic and institutional factors on export of services in considering the example of OIC countries. Panel data method as an econometrics approach is used for estimating models. Results show that variables such as GDP per capita, the real exchange rate, foreign direct investment, and information infrastructures have positive and significant effects on services export and inflation is a disincentive to it. Furthermore, the membership of these countries in regional blocks, ECO and D8, has a significantly positive effect on the total services export. The worse performance of institutional factors such as government effectiveness, political stability, rule of law, control of corruption and governance index in contrast have a significantly negative impact on services exports. Therefore, policy makers in public and private sectors should plan for development of services exports by consideration of the economic and institutional factors for selecting of their trade partners.
JEL Classification: F13, F55, L88.

Keywords

Journal of Economic Research (Tahghighat- E- Eghtesadi)
Volume 48, Issue 3 - Serial Number 3
December 2014
Pages 165-191

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History

  • Receive Date: 25 October 2011
  • Revise Date: 18 December 2013
  • Accept Date: 01 October 2013

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