Economic Sanctions and Trade Flows in the Neighbourhood

Foreign Trade and International Financial Flows: Implications for Economic Stability in the Selected ECOWAS Countries

T his study investigates the effects of extra-ECOWAS merchandise trade and investment flows on the transmission of business cycles in the selected ECOWAS between 1985 and 2014.  The study finds that total trade and foreign direct investment (FDI) significantly influence the transmission of business cycles with elasticities of 1.1 and 0.7, respectively in the long run. There are little vari...

The Gravity Model and Iran's Trade Flows

This article has considered the volume and direction of Iran’s trade using the gravity model. The major issue in this analysis is to explore why Iran over or under-traded with the 76 countries relative to the predicted trade flows of the model. The study attempts to explore the reasons from the respect of both the model itself and Iran’s trade structure. This is done by analysing the performanc...

Idea Flows, Economic Growth, and Trade∗

We study a simple model of the world economy where the engine of growth is the flows of ideas. Ideas are assumed to diffuse randomly across pair of goods, where the processes used in the production of the lower cost good is adopted. We assume that producers in a country can learn from all sellers of goods to this country. We analyze how trade in goods, and impediments to it, affect this diffusi...

The effects of trade sanctions on Iran;s economic Using the Computable General Equilibrium: Focusing on Production and prices

The main objective of this study is to assess the economic impacts of sanctions against Iran. This analysis was performed using the computable general equilibrium (CGE) model with a focus on exports, imports, production, and price levels. After calibrating the CGE model and measuring the values of exogenous parameters and variables, the study assessed the economic impacts of sanctions on Iran’s...

R&D Spillovers, Trade Integration And Expansion Of Trade Flows In East- West Asia And Pacific