Volume 3, Special Issue: The Conceptual Framework of Economic Cooperation and Integration between OIC: Empirical Evidence on Effects of Trade on Cooperation and Integration

Author

Prof. Madya Dr. Asmaddy Bin Haris

Prof.Dato.Dr.Muhamad bin Muda

Ibrahim Mohamed ibrahim eldeeb

Keywords

Economic Cooperation, Economic integration theory, Trade Balance and Macroeconomic Elements

Abstract

This study aims to illustrates the conceptual framework of economic cooperation and integration between OIC countries. This paper follows descriptive analysis approach to describe the conceptual framework of cooperation and integration between OIC countries. This paper describes the conceptual framework of economic cooperation and integration between OIC.  It explores the channels through which trade can contribute to cooperation and integration. This study highlighted the cooperation between OIC in the light of economic integration theory. The results of this study discovers the dynamic relationship between trade balance and macroeconomic elements. This study also explains the empirical evidence on effects of trade on cooperation and integration. The study recommended to compare the results with European union to understand the effects of trade on cooperation and integration between OIC countries.

References

Akbarzadeh, S., & Ahmed, Z. S. (2018). Impacts of Saudi hegemony on the Organization of Islamic Cooperation (OIC). International Journal of Politics, Culture, and Society31(3), 297-311

Azizah, N., & Beik, I. S. (2017). Forecast and Determinants of Indonesia’s Export to the OIC Member Countries. OIC, 80

Abidin, I.S.Z., Bakar, N.A.A., & Sahlan, R. (2013). The Determinants of Exports between Malaysia and the OIC Member Countries: A Gravity Model Approa

Agustiar, M. (2019). Indonesia’s Monetary Integration with OIC Member Countries: New Evidence. Jurnal Ekonomi Malaysia, 53(1), 135-144

Erum, N., & Hussain, S. (2019). Corruption, natural resources and economic growth: Evidence from OIC countries. Resources Policy, 63, 101429

EU South Korea free trade agreement (2011). 10 key benefits for the European Union, June 2011, p. 1.

Gundogdu, A. S. (2016). Exploring novel Islamic finance methods in support of OIC exports. Journal of Islamic Accounting and Business Research.

Good, N., Ellis, K. A., & Mancarella, P. (2017). Review and classification of barriers and enablers of demand response in the smart grid. Renewable and Sustainable Energy Reviews72, 57-72.

Hafnida, S. M., & Abdullah, H. (2016). Financial development and economic growth: An empirical investigation on 4 OIC countries. International Journal of Social Science and Economic Research, 1(9), 1400-1410.

Haneef, M. A., Pramanik, A. H., Mohammed, M. O., Amin, M. F. B., & Muhammad, A. D. (2015). Integration of waqf-Islamic microfinance model for poverty reduction. International Journal of Islamic and Middle Eastern Finance and Management

Hassan, A. D. (2016). Examining Determinants of Turkey Export to OIC Member Countries

Ishnazarov, D. (2016). Aid Effectiveness in OIC Member Countries. Journal of Economic Cooperation & Development37(4).

Kasi, P. M. B., Shaharuddin, N. A. B., & Kechil, M. F. B. A. (2019). Opportunities of Islamic Trade Finance in OIC Countries. In Contemporary Management and Science Issues in the Halal Industry (pp. 395-410). Springer, Singapore

Legrenzi, M., & Harders, C. (2016). Introduction: Beyond regionalism? Regional cooperation, regionalism and regionalization in the Middle East. In Beyond Regionalism? (pp. 13-22). Routledge

Slesman, L., Baharumshah, A. Z., & Ra’ees, W. (2015). Institutional infrastructure and economic growth in member countries of the Organization of Islamic Cooperation (OIC). Economic Modelling, 51, 214-226.

Sunley, P., & Martin, R. (2017). Paul Krugman’s Geographical Economics and Its Implications for Regional Development Theory: A Critical Assessment. In Economy. pp. 25-58.

Wu, J. Li, S. & Samsell, D. (2012). Why Some Countries Trade More, Some Trade Less, Some Trade Almost Nothing: The Effect of Government Environment on Trade Flows. International Business Review, 21, 225-238

Yogatama, A. R., & Hastiadi, F. F. (2016). The Role of Democracy and Governance in the Enhancement of Indonesian Exports to the Organization of the Islamic Cooperation (OIC) Countries. Journal of Economic Cooperation & Development, 37(4), 51.

Yusuf, H. A., Abidinb, I. S. Z., & Bakarb, N. An Empirical Analysis of Determinants of Malaysia’s Export to OIC Countries in Africa.

Websites

http://www.osce.org/

http://trade.ec.europa.eu/doclib/docs/2010/october/tradoc_146695.pdf, retrieved: 23/06/2012.

http://oald8.oxfordlearnersdictionaries.com

http://tradingeconomics.com

Download PDF
DOI