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| Author: | Metwally, M. M. |
| Title: | Evidence of co-integration between intra-trade of each member with other members of the GCC Customs Union |
| Journal: | Journal of international marketing and marketing research
2010 : OCT, VOL 35:3, p. 147-162 |
| Index terms: | consumption Middle East trade unions international trade |
| Language: | eng |
| Abstract: | The article investigates the possible long-term relationship between the intra-trade of each member of the GCC Customs Union and the Union's total trade with its outside partners. The existence of a relationship would indicate no significant changes in the relative magnitude of intra-trade between GCC partners. Quarterly data from Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates during 1982-2005 are analyzed using unit root test of stationary, Engle-Granger test and Johansen-Juselius Co-integration method. The analysis suggests that intra-trade among the members of GCC converges with the total trade of GCC Customs Union in all the member countries except Oman. |
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