Convergence in the ECO Countries

Document Type : Research Paper


1 Ph.D Student of Agricultural Economics, University of Zabol, Iran

2 Associate Professor, Agricultural Economics, University of Mashhad, Iran

3 Associate Professor, Department of Agricultural Economics, Faculty of Zabol University, Iran


In present study, role of agricultural on ECO countries regional convergence was assessed in dynamic panel data model. At first, ECO countries convergence and agricultural sector effect in convergence acceleration was surveyed by generalized method of moments (GMM) over the period 1996-2005. Results showed that, this is convergence between ECO countries. In spite of increasing regional growth, the agricultural sector had negative effect in convergence acceleration; and it caused decreasing regional convergence speed. Therefore, it was suggested to ECO countries with agricultural sector development and restrictions contained in this section could provide clear perspective for the future planning in order to promote regional convergence.


Volume 48, Issue 4 - Serial Number 4
January 2014
Pages 189-211
  • Receive Date: 28 June 2012
  • Revise Date: 25 June 2014
  • Accept Date: 09 February 2014
  • First Publish Date: 09 February 2014