Document Type : Research Paper


1 Department of Economics, Shiraz University, Shiraz, Iran.

2 Faculty of Economics, kharazmi University, Tehran, Iran.



In recent years, given the significance of the financial sector and its interdependence with other sectors, especially the international trade sector, this industry’s academics and planners have examined the impact of financial development on commerce and trade integration. Therefore, in the present study, using the data of 12 selected countries that are members of the Economic Cooperation Organization (ECO), Eurasia, and D8 during the period 1996-2020, and utilizing the augmented gravity model, the effect of a variety of financial tools, such as financial liberalization (FL) and open market operation (OMO), was discussed as a financial development to create trade integration between Iran and the selected countries. The results reveal that the index of financial liberalization has a positive and statistically significant impact on the degree of trade integration of the examined countries. In addition, the elasticity of trade integration is +0.01 than the OMO index. Another independent variable that has a positive effect on trade integration degree is economic size. Income convergence, population, the real exchange rate, and geographical distance have negative significant effects on trade integration in the countries under study. In order to establish the development plans of trade and financial sectors, the findings of this study may be of interest to policymakers and planners in ECO, Eurasia, and D8 nations, especially Iran; because the formation, growth, and strengthening of regional arrangements can offer a foundation for the entry of the region’s countries into the global economy and shield them from globalization’s challenges.


Main Subjects

Article Title [Persian]

یکپارچگی تجاری با رویکرد تنوع سازی مالی: ایران و شرکای تجاری (کشورهای عضو اکو، D8 و اوراسیا)

Authors [Persian]

  • زهرا عقیلی 1
  • رضا اکبریان 2
  • احمد صدرایی جواهری 1
  • پرویز رستم زاده 1

1 بخش اقتصاد، دانشگاه شیراز، شیراز، ایران.

2 دانشکده اقتصاد، دانشگاه خوارزمی،تهران، ایران.

Abstract [Persian]

باتوجه به اهمیت بخش مالی و ارتباط این بخش با بخش‌های دیگر از جمله بخش تجارت خارجی، در سال‌های اخیر ضرورت بررسی نقش توسعه مالی بر تجارت و یکپارچگی تجاری مورد توجه پژوهش‌گران و برنامه ریزان این بخش قرار گرفته است. بنابراین در پژوهش حاضر با استفاده از داده‌های 12 کشور منتخب عضو سازمان همکاری‌های اقتصادی (اکو)، اوراسیا و D8 طی دوره زمانی 2020-1996 و با استفاده از مدل الگوی جاذبه تعمیم‌یافته، به شناسایی تأثیر تنوع ابزارهای مالی مانند آزادسازی مالی و عملیات بازار باز به عنوان توسعه مالی بر ایجاد یکپارچگی تجاری بین ایران و کشورهای منتخب مذکور پرداخته شد. نتایج حاکی از تأثیر مثبت و معنادار شاخص آزاد سازی مالی بر درجه یکپارچگی تجاری کشورهای مورد مطالعه دارد. همچنین کشش یکپارچگی تجاری نسبت به شاخص عملیات بازار باز مثبت 01/0 می‌باشد. اندازه اقتصادی، از دیگر متغیرهای مستقلی است که دارای تأثیر مثبت بر درجه یکپارچگی تجاری می‌باشد. همگرایی درآمدی، جمعیت، نرخ ارز واقعی و فاصله جغرافیایی دارای اثرات منفی و معناداری بر یکپارچگی تجاری بین کشورهای مورد مطالعه هستند. نتایج حاصل از این پژوهش می‌تواند در جهت تعیین راهبردهای توسعه بخش‌های تجارت و مالی مورد توجه سیاست‌گذاران و برنامه‌ریزان کشورها در اتحادیه‌های اکو، اوراسیا، D8 و بالاخص ایران قرار گیرد. زیرا ایجاد و گسترش و تقویت ترتیبات منطقه‌ای می‌تواند زمینه ساز ورود کشورهای منطقه به اقتصاد جهانی را فراهم نموده و آن‌ها را در مقابل مشکلات جهانی شدن حفظ نماید.

Keywords [Persian]

  • یکپارچگی تجاری
  • تنوع‌سازی مالی
  • آزادسازی مالی
  • عملیات بازار باز
  • مدل‌های پانل دیتا
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