Trade Agreement and Economic Growth: Evidence in D-8 Countries

A. Arisman, M. N. R. Al Arif, D. Harahap
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Abstract

The D-8 organization was established to accelerate the economies of eight developing countries that joined the OIC, but the data showed a decline in the share of the D-8 countries towards the total GDP of developing countries. Thus, this study examines whether there are differences in economic growth between D-8 and non-D-8 countries. The tests were carried out on eight D-8 member countries and eight non-D8 countries. Using panel regression with a fixed-effect model, the study results indicate differences in economic growth between D-8 and non-D-8 member countries. These results indicate that joining D-8 made a significant contribution to its member countries. In addition, all control variables such as political stability, population, export, and human development index show a positive impact on economic growth.JEL Classification: F13, F14, F43How to Cite:Arisman., Al Arif, M. N. R., & Harahap, D. (2021). Trade Agreement and Economic Growth: Evidence in D-8 Countries. Signifikan: Jurnal Ilmu Ekonomi, 10 (2), 311-324. https://doi.org/10.15408/sjie.v10i2.21457.
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贸易协定与经济增长:D-8国家的证据
D-8组织的成立是为了加速加入伊斯兰会议组织的八个发展中国家的经济,但数据显示D-8国家在发展中国家国内生产总值总额中所占的份额有所下降。因此,本研究考察了D-8和非D-8国家之间的经济增长是否存在差异。这些测试是在八个八国集团成员国和八个非八国集团国家进行的。采用固定效应模型的面板回归,研究结果显示了八国集团成员国与非八国集团成员国之间经济增长的差异。这些结果表明,加入D-8对其成员国作出了重大贡献。此外,政治稳定、人口、出口、人类发展指数等控制变量对经济增长均呈现正向影响。JEL分类:F13, F14, f43引用方式:Arisman。, Al Arif, M. N. R.和Harahap, D.(2021)。贸易协定与经济增长:D-8国家的证据。[j] .经济研究,2011,(2),331 -324。https://doi.org/10.15408/sjie.v10i2.21457。
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