اثر ادغام اقتصادي از طريق تجارت بر ادوار تجاري (كشورهاي منتخب عضو اكو)

The effects of economic integration through international trade on business cycles(The case of Ecoʹs Members)

Abstract The Economic integration is the most important phenomenon. Increasing of International trade is one of the most famous channels of economic integration. It is said that if this integration takes place, members may have a similar business cycles. In market oriented countries, the subject of business cycles has been attracted more attentions. The uprising trend of living standards followed by high unemployement, slower growth rate and then decreasing in living standards. However, with regard to the importance of the subject, we investigate, the similarity of business cycles among Iran, Turkey and Pakistanʹs economies. Using Learner approach and gravity model framework, our results show that there is a weak similarity among these countries. JEL Classification: E32,C22,F02,F15,F41