Effect of Global Financial Crisis on International Trade in Developed and Developing Countries

	Effect of Global Financial Crisis on International Trade in Developed and Developing Countries
International Economics Studies
مقاله 5، دوره 40، شماره 1، تیر 2012، صفحه 47-56 اصل مقاله (260.25 K)
شناسه دیجیتال (DOI): 10.22108/ies.2633.15552
نویسندگان
Zahra Zamani^* ؛ Mohammad Vaez Barzani
Isfahan
چکیده
The recent global crisis, as a big crash ( Baldwin and Simon , 2009), has reduced foreign demand growth affecting total countriesâ exports. Given the importance of foreign trade to nations and the reality that recent crisis has affected international trade we study the effects of the global financial crisis on trade relations between countries by using Ma and Cheng (2003) approach and by applying gravity model to both selected developed and developing countries during 1998-2010. Emprical results have approved negative effects of financial crisis on international trade in the countries under consideration. The result obtained is evident that such incidence seems to be significant to explain a sharp fall in the world exports. JEL Classification : G01, F10
کلیدواژه‌ها
Financial crisis؛ Exchange rate؛ Foreign Trade؛ Gravity Model؛ Developed and Developing Countries

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