Trade agreement and economic growth:evidence in D-8 countries

Arisman, Arisman and Arif, Mohammad Nur Rianto Al and Harahap, Darwis (2021) Trade agreement and economic growth:evidence in D-8 countries. Signifikan: Jurnal Ilmu Ekonomi, 10 (2). pp. 311-324. ISSN 2087-2046

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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.

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