Convergence in the ECO Countries

Mojarad, Smat; Homayounifar, Masoud; Salarpour, Mashallah

doi:10.22059/jte.2013.50580

Convergence in the ECO Countries

Document Type : Research Paper

Authors

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

10.22059/jte.2013.50580

Abstract

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.

Keywords