Contact Us

For Marketing, Sales and Subscriptions Inquiries
2637 E Atlantic Blvd #43110
Pompano Beach, FL 33062
USA

Conference List

Does the Mena Countries May Converge in GDP to Southern European One? The Effects of International Trade

Abdelhafidh Dhrifi

,

Samir Maktouf

Abdelhafidh Dhrifi 1
Samir Maktouf 2

  1. Faculty of Economic Sciences and Management, University of Sousse-Tunisia 1

  2. Faculty of Economic Sciences and Management, University of Tunisia, El-Manar 2


Abstract:

The recent integration of the countries of the MENA region in globalization movement and the signing of the Euro-Med agreements with the European Union has naturally prompted researchers and economists to test the hypothesis of convergence towards the Europe. This paper, which is in this context, tends to test whether movement toward international trade will foster a reduction in the disparity of incomes among countries. More specifically, we try to answer the following question: does international trade allows MENA Countries to converge in GDP per capita to Southern European  one, and if this convergence is possible, what is the time required for a developing country to reduce the gap that separates the countries of a developed one? Using time series approach convergence over the period 1990-2011, results shows that the convergence hypothesis is checked for most of the selected countries in the MENA region.Our findings show also that the calculation of the time required for MENA countries to reduce the gap that separates to the Southern European one varies from one country to another.
Contribution/ Originality

Keywords:


Reference:

  1. Abramovitz, M., 1986. Catching-up, forging ahead and falling behind. Journal of Economic History, 46(2): 385-406.
  2. Barro, R., 1991. Economic growth in a cross- section of countries. The Quarterly Journal of Economics, 106(2):407-443.
  3. Barro, R.J. and X. Sala-I-Martin, 1992. Convergence. Journal of Political  Economy, 100(2): 223-251.
  4. Barro, R.J. and X. Sala-I-Martin, 1995. Technological diffusion, convergence and growth. Economics Working Paper No. 116. Universitat Pompeu Fabra.
  5. Baumol, W.J., 1986. Productivity growth, convergence and welfare: What the long run data show. American Economic Review, 76(5): 1072-1085.
  6. Ben-David, D. and M.B. Loewy, 1997. Free trade, growth, and convergence. Working Paper No. 6095. Cambridge: National Bureau of Economic Research.
  7. Ben–David, D. and A. Kimhi, 2000. Trade and the rate of income convergence. Working Paper 76ur, MBER, Combridge, MA.
  8. Ben –David, D., 1993. Equalizing exchange: Hade liberation and income convergence. Quarterly Journal of Economics, 108: 653, 679.
  9. Ben –David, D., 1996. Trade and convergence among countries. Journal of International Economics, 40: 279- 298.
  10. Bernard, A.B. and S.N. Durlauf, 1995. Convergence in international output. Journal of Applied Econometrics, 10: 97–108.
  11. Bernard, A.B. and S.N. Durlauf, 1996. Interpreting tests of the convergence hypothesis. Journal of Econometrics, 71: 161–173.
  12. Bernard, A.B. and C.I. Jones, 1996. Productivity and convergence across U.S states and industries. Empirical Economics, 21: 113-135.
  13. Coe, D.T. and E. Helpman, 1995. International R&D spillovers. European Economic Review, 39(5): 859- 887.
  14. Dickey, D. and W. Fuller, 1979. Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74: 427-431.
  15. Dollar, D., 1992. Outward oriented developing economies really do grow more rapidly: Evidence from 95 LDCS, 1976- 1985. Economic Development and Cultural Change.
  16. Edwards, 1999. Openness trade liberalisation and growth in developing countries. Journal Economic Literature, 31: 1358-1393.
  17. Galor, O., 1996. Heterogeneity and club convergence in growth models. Brown University.
  18. Gaullier, G., 2003. Trade and convergence: Revisiting Ben-David. CEPII, Working Paper No. 2003-06.
  19. Gross Man, G.M. and E. Helpman, 1991. Quality ladders in the theory of growth. Review of Economic Studies, 58(1): 43- 61.
  20. Grossman, G. and E. Helpman, 1991. Innovation and growth in the global economy. Cambridge (Mass): MIT Press.
  21. Guetat, I. and F. Serranito, 2007. Income convergence within the MENA countries: A panel unit root approach. Quarterly Review of Economics and Finance, 46: 615-706.
  22. Harrison, 1996. Openness and growth, a times- series, cross country analysis for developing countries. Journal of Development Economics, 48(2): 419-447.
  23. Johansen, S., 1988. Statistical analysis of cointegration vectors. Journal of Economic Dynamics and Control, 12: 231-254.
  24. Koopmans, T.C., 1965. On the concept of optimal economic growth. The economic approach to development planning, pontifical academia scientiarum. Amesterdam: North Holland Publishing.Co.
  25. Levine, R. and D. Renelt, 1992. A sensitivity analysis of cross –country growth regressions. American Economic Review, 82(4): 942-963.
  26. Lucas, R.E., 1988. On the mecanhanics of economic development. Journal of Monetary Economics, 22(1): 3- 42.
  27. Mankiw, N.G., D. Romer and D.N. Weil, 1992. A contribution to the empiries of economic growth. Quarterly Journal of Economy, 105: 862- 879.
  28. Mendez, R., 1997. Ouverture commerciale et convergence dans un modèle simple de croissance endogene. Annales d’Economie et De Statistiques, (47): 13-38.
  29. Quah, D., 1996. Empirics for economic growth and convergence. European Economic Review, 40: 1353-1375.
  30. Rivera, B., A. Luis and P. Romer, 1991. International trade with endogenous technological change. European Economic Review, 35: 971-1004.
  31. Samuelson, P.A., 1948. International trade and the equalisation of factor prices. Economic Journal, 58(June): 163-184.
  32. Slaughter, M.J., 2001. Trade liberalization and per capita income convergence: A difference-in- difference analysis. Journal of International Economic, 55: 2003- 2228.
  33. Solow, R.M., 1956. A contribution to the theory of economic growth. Quarterly Journal of Economics, 70: 65-94.
  34. Stroomer, C. and D.E.A. Giles, 2003. Income convergence and trade openness: Fuzzy clustering and time series evidence. Department of Economics .University of Victoria. Working Paper EWP 0304.
  35. Winters, A., N. McCulloch and A. McKay, 2004. Trade liberalization and poverty: The evidence so far. Journal of Economic Literature, 17: 72–115.

Statistics:

Google Scholor ideas Microsoft Academic Search bing Google Scholor

Funding:

Competing Interests:

Acknowledgement:


Related Article

( 1 ) The Climate Change Menace, Food Security, Livelihoods and Social Safety in Northern Ghana
( 2 ) Does the Mena Countries May Converge in GDP to Southern European One? The Effects of International Trade
( 3 ) Can the Interdependence Effect and the Contagion Phenomena be Related with One Another?
( 4 ) How Telecommunication Development Aids Economic Growth: Evidence from Itu Ict Development Index (IDI) Top Five Countries for African Region
( 6 ) The Nexus between Financial Crisis and Household Consumption: Evidence from Emerging Countries
( 7 ) Study of the Relationship between Economic Growth and Inflation: Application to the Countries of the South Side of the Mediterranean: A Panel Data Approach
( 8 ) Income Elasticity of Poverty: Estimates for South Asian Countries
( 9 ) Testing the PPP Using Unit Root Tests with Structural Breaks: Evidence from Politically Unstable Arab Countries
( 10 ) Purchasing Power Parity Hold in Major SAARC Countries? Panel Cointegration Analysis
( 11 ) What Drives Banking Stability? Empirical Evidence from ECOWAS Countries
( 12 ) Trade Policy and Democracy for Development in Central African Countries
( 13 ) External Debt and Economic Growth: Two-Step System GMM Evidence for Sub-Saharan Africa Countries
( 16 ) The Lead-Lag Relationships between Construction Investment and GDP: Granger Causality Tests and Impulse Responses Using Japanese Data
( 17 ) Public Sector Size and GDP Growth Nexus: Panel Data Estimation
( 18 ) Contemporary Approach to Enhanced Road Transport System in Nigeria Through the Application of It-Based (Online) Bus Ticketing and Payment System
( 19 ) Making Poverty A History in Africa: The Role of the G8
( 20 ) External Factors Influencing on Industrial Building System (Ibs) in Malaysia
( 21 ) Consideration the Relationship Between Information Communications Technology and Economic Growth in Top 10 Economic
( 22 ) NGO Programming and Policy Advocacy in the Land Sector in Zimbabwe
( 23 ) Testing the Random Walks in Korea Stock Exchange
( 25 ) Kashmir Peasant Economy under Dogra’s: A Case Study of Agrarian Produce and Livestock 1885-1925 A.D
( 26 ) Driving Role of Institutional Investors in the Indian Stock Market in Short and Long-Run – An Empirical Study
( 27 ) An Enquiry into the Contributions of Microfinance Institutions Towards the Development of Small Scale Business in Nigeria
( 28 ) A Review on Criteria for Green Infrastructure to be Adopted by Local Authorities
( 30 ) An Inventory Model with Lost Sale is Time Dependent
( 31 ) Reminiscing Stock Splits Announcement: A Malaysian Case
( 32 ) The Sustainable Livelihoods Index: A Tool To Assess the Ability and Preparedness of the Rural Poor in Receiving Entrepreneurial Project
( 34 ) A Study of Transnational and Transformation Leadership Styles and Factors Affect The Leadership Style
( 35 ) Testing the Random Walk: The Case of Hong Kong Stock Exchange
( 36 ) Rate of Return Would Not Increase To the Extent of Annuity Saving Discount
( 37 ) Government Borrowing Behaviour: Implications for Private Sector Growth in Nigeria
( 38 ) Earnings Management and Stock Market Returns
( 39 ) The Recruitment of Migrant Workers in the Food Service Industry in Malaysia. A Study of Old Town White Coffee and Pappa Rich Kopitiam
( 40 ) Quality Management Practices towards Customer Satisfaction in Local Authority Public Services Website
( 41 ) Consideration the Effects of Water Sector Investment on Economic Growth in Iran
( 42 ) A Theoretical Review on Critical Success Factors (CSFS) of Entrepreneurship Programs in Community College
( 43 ) Influence Internship Learning Effect in Business Service Sector: Using Internship Self-Efficacy as the Mediator Variable
( 44 ) The Impact of Dividend Policy on Shareholders’ Wealth before and After Financial Melt down: Evidence from FMCG Sector in India
( 45 ) Stock Market Performance and Economic Growth: Evidence from Nigeria Employing Vector Error Correction Model Framework
( 46 ) Factors Impacting on SMEs Internationalization: Dairy Industry in Zimbabwe
( 47 ) The Biodiesel Market in Brazil and the Prospects for the Sector
( 48 ) A Mixed-Methods Study to Explore Stage of Readiness and Intention of Micro and Small Enterprises to Adopt Mobile Money in Indonesia
( 49 ) Attributes Influencing Strategic Alignment in the Service Sector: An Indonesian Banking Sector Case Study
( 50 ) Workplace Bullying: Modelling Construct Validity in an Australian Public Sector Workforce
( 51 ) The Effect of Selected Financial Ratios on Profitability: An Empirical Analysis of Listed Firms of Cement Sector in Saudi Arabia
( 52 ) Stock Market Index Prediction with Neural Network during Financial Crises: A Review on Bist-100
( 53 ) The Total Factor Productivity of Libyan Banks, 2004 – 2010
( 54 ) The Life-Time of Tomorrow Party of Japan and Its Negative Impacts on the Anti-Nuclear Movements in Japan’s Politics
( 55 ) Exploration of Suitability of Situational Leadership in the Oil and Gas Sector
( 56 ) Estimating Value at Risk for Sukuk Market Using Generalized Auto Regressive Conditional Heteroskedasticity Models
( 57 ) The Impact of the Global Financial Crisis on the Debt, Liquidity, Growth, and Volume of Companies in Palestine Stock Exchange
( 58 ) Rural - Urban Balance as a Measure of Socio-Economic Development with Special Reference to Iran
( 59 ) Measuring the Quality of Islamic Banks Services and Its Impact on Customers Satisfaction A Survey Study on the Islamic Banks Customers in Lattakia-Syria
( 60 ) A Negative Rational Pigs Game and its Applications to Website Management
( 61 ) The Internal Branding Process: Customer Reprofiling and Brand Positioning (Empirical Study on Traditional Snack Food in Bandung-Indonesia)
( 62 ) Appointment of Directors and Performance of Deposit Money Banks in Sub Saharan Africa: Do We Need More Executive or Non-Executive Directors?
( 63 ) Managing Public Perception towards Local Government Administration
( 64 ) Studying the Integration of Damascus Securities Exchange with Selected Stock Markets
( 65 ) Market Share and Profitability Relationship: A Study of the Banking Sector in Nigeria
( 66 ) Effect of Media Transportation and Advertising Transportation on Customers Responsiveness
( 67 ) The Effect of Personal Factors on the Customer Rating of the Quality of Services of the Islamic Banks Operating in the Syrian Coast
( 68 ) A Factor Analysis Approach Towards a Study of the Factors Affecting Students’ Choice of Higher Education Institution: A Case Study of a Private Institution (Twintech International University College of Technology)
( 69 ) Does the Holiday Effect Differ from Religious to Non-Religious Holidays? Empirical Evidence from Egypt
( 70 ) Auditing Procedures and Process in the Public Sector
( 71 ) Rice Farmer and Capital Formation: A Case Study of Rice Farmer's Credit Cooperative in Itoikin, Ikosi-Ejirin LCDA, Lagos State
( 72 ) Internationalization of State Multilatinas: A Multi-Case Study in The Oil Sector
( 73 ) Relevance of Stakeholders Theory, Organizational Identity Theory and Social Exchange Theory to Corporate Social Responsibility and Employees Performance in the Commercial Banks in Nigeria
( 75 ) Analyzing Factors Affecting the Success of Social Media Posts for B2b Networks: A Fractional-Factorial Design Approach
( 76 ) On the Prediction of the Inflation Crises of South Africa Using Markov-Switching Bayesian Vector Autoregressive and Logistic Regression Models
( 77 ) Entrepreneurial Networking and Women Entrepreneurs’ Contribution to Employment Creation in Rivers State, Nigeria
( 78 ) Participatory Processes in Planning for Self-Help Housing Provision in South Africa: Policies and Challenges
( 79 ) Scenario Economic Impact Analysis of Offshore Fishing Tournaments in Ocean City
( 80 ) Effect of Institutional Factors on Foreign Direct Investment in Nigeria
( 81 ) Does Gold Price Lead or Lags Islamic Stock Market and Strategy Commodity Price? A Study from Malaysia
( 82 ) An Investigation into the Causes of Failures in Railway Infrastructure at Transnet Freight Rail - A Case of the Steel and Cement Business Unit
( 83 ) Macroeconomic Indicators and Capital Formation Growth in Nigeria: A New Evidence
( 84 ) Financial Market Predictions with Factorization Machines: Trading the Opening Hour Based on Overnight Social Media Data
( 85 ) The Effect of Internal and External Factors of Companies on Profitability and its Implications on Stock Price Index of State-Owned Banks
( 86 ) An Empirical Investigation into the Key Drivers of Economic Performance in the CEMAC Zone: A Panel Corrected Standard Errors Approach
( 87 ) Leading Indicators and Financial Crisis: A Multi-Sectoral Approach Using Signal Extraction
( 88 ) Incorporating Islamic Ethic Elements into Marketing Mix Paradigm
( 89 ) Intention to Use E-Recruitment System: Empirical Evidence from Jobseekers in the Advertising Industry in Malaysia
( 90 ) The Importance of Public Administration Towards Achieving Good Governance for Positive National Development by Using SmartPLS 3
( 91 ) Depositors Confidence and Mergers and Acquisitions: The Nigerian Banking Sector Experience
( 92 ) Does Agricultural Sector Contribute to the Economic Growth in Case of Republic of Benin?
( 93 ) Determinants of Public Sector Corruption in Nigeria
( 94 ) Impact of Participatory Decision Making on Organisational Goal Attainment
( 95 ) Conceptualisation of Lack of Discipline and Probity as the Main Cause towards Good Governance Practice
( 96 ) The Impact of Organisational Culture on Public Sector Performance: A Case Study of Local Authorities in Zimbabwe
( 97 ) Sectoral Credit Allocation of Deposit Money Banks and Poverty Reduction in Nigeria
( 98 ) Foreign Direct Investment - Growth Linkage in Sub-Saharan Africa: Is Governance a Mediating Factor?
( 99 ) An Empirical Assessment of the Impact of Access to Credit on Farm Output: A Case Study of Sefwi-Wiawso Municipality Ghana
( 100 ) Factors that Influence Profitability of General Insurance Issuers in Indonesia
( 101 ) Impact of Exchange Rate Fluctuation on Selected Economic Sectors of the Nigerian Economy
( 102 ) Determinants of Banks Profitability & Liquidity and the Role of BASEL III in Islamic & Conventional Banking Sector of Pakistan: A Case Study of NBP
( 103 ) Factors Influencing Human Capital in Ready Made Garments Industry in Bangladesh
( 104 ) Analysis of the Effects of Pull and Push Factors on Brain Drain: An Example of Turkey
( 105 ) Analysis of Environmental Factors Affecting Manufacturing Small and Medium-Size Enterprises in Kogi State Nigeria
( 106 ) Regime Changes in the Volatility of Stock Markets
( 107 ) Optimal Stock Portfolio Issuers of Building Construction Registered in LQ45 Based on the Markowitz Approach
( 108 ) Estimating the Economic Determinants of Technical Efficiency of Bioenergy in EU-28: An Application of Tobit Analysis
( 109 ) Does Social Barriers Influence Women's Intention toward Entrepreneurship?
( 110 ) The Effect of Selected Factors on Tax Revenue Mobilization in Ethiopia: The Case of Amhara Region
( 111 ) Deterrents to the Success of Micro and Small Enterprises in Ethiopia: The Case of Amhara Region MSEs
( 112 ) Assessing the Perceived Value of Customers for being Satisfied towards the Sustainability of Hypermarket in Malaysia
( 113 ) Family Leadership and Small to Medium Sized Enterprises Research and Development Investments
( 114 ) Exchange Rate Pass-through to Prices: VAR Evidence for Albania
( 115 ) Challenges and Opportunities of Investment to the People of Sebeta Town, Oromia Regional State, Ethiopia
( 116 ) The Trajectory and Diaspora of Women Imprisonment: An Analysis
( 117 ) Consumers’ Behavioural Intention to Adopt Mobile Banking in Rural Sub-Saharan Africa Using an Extension of Technology Acceptance Model: Lessons from Zimbabwe
( 118 ) Value for Money (VFM) Audit and Public Sector Performance in Afikpo North Local Government Area of Ebonyi State, Nigeria
( 120 ) Health Care Outcomes, Malnutrition and Food Security in Southern Africa Development Community: A Quantile Regression Approach
( 122 ) A Multidimensional Structure of Shopping Centre Visit Objectives - An European Consumers Perspective
( 123 ) A Review on EU Transportation Projects within the Case of Turkey for European Union Regional Development Policy
( 125 ) The Effects of Exchange Rate Liberalization in Kenya on French Beans Exports
( 127 ) Corruption’s and Democracy’s Effects on Economic Growth
( 129 ) Effects of Advertising on Consumer Behavior in Low Density Houses: The Case of Marlborough, Zimbabwe
( 130 ) Moderating Effects of Project Management Experience, Project Team Size, Project Duration and Project Value Size on the Relationship between Project Manager’s Leadership Roles and Project Team Effectiveness in Malaysia
( 131 ) The Effects of Changes in Accounting Standards on Value Relevance of Financial Statement Information of Malaysia and Nigeria Banks
( 132 ) Organisational Politics – Causes and Effects on Organisation and Employees
( 133 ) Land Use/Land Cover Change and its Effects on Bamboo Forest in Benishangul Gumuz Region, Ethiopia
( 134 ) Effects of Environmental Satisfaction on Family Displacement Case Study: Gohar Dasht Region, Karaj City
( 135 ) Effects of Corporate Social Responsibility on Banks Financial Performance in Nigeria: A Study of United Bank of Africa
( 136 ) The Effects of Exchange Rate Variability on Trade Flows in Nigeria: A Cointegration Analysis