Trade relationships between the Gulf Cooperation Council and the European Union

Metwally, M. and Tamaschke, R.H.U. (2001) Trade relationships between the Gulf Cooperation Council and the European Union. European Business Review, 13 5: 292-296.


Author Metwally, M.
Tamaschke, R.H.U.
Title Trade relationships between the Gulf Cooperation Council and the European Union
Journal name European Business Review   Check publisher's open access policy
ISSN 0955-534X
Publication date 2001-01-01
Sub-type Article (original research)
Volume 13
Issue 5
Start page 292
End page 296
Total pages 5
Editor R.Welford
Place of publication Bradford, England
Publisher MCB University Press
Collection year 2001
Language eng
Subject C1
350212 International Business
720303 International agreements on trade
Abstract This paper examines the trade relationship between the Gulf Cooperation Council (GCC) and the European Union (EU). A simultaneous equation regression model is developed and estimated to assist with the analysis. The regression results, using both the two stage least squares (2SLS) and ordinary least squares (OLS) estimation methods, reveal the existence of feedback effects between the two economic integrations. The results also show that during times of slack in oil prices, the GCC income from its investments overseas helped to finance its imports from the EU.
Keyword Economic conditions
European Union
International trade
Regression analysis
Q-Index Code C1

Document type: Journal Article
Sub-type: Article (original research)
Collection: UQ Business School Publications
 
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Created: Wed, 15 Aug 2007, 02:01:00 EST