Trade and human development in OIC countries: a panel data analysis

This study examines the relationship between trade and the OIC countries 19 social developments as measured by the Human Development Index (HDI) using the generalized method of moments (GMM) procedure in a panel data distributed lag model for the years 1980 to 2005, with a five-year increments as we...

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Main Authors:	Hamid, Zarinah, Mohd Amin, Ruzita
Format:	Article
Language:	English
Published:	Islamic Research and Training Institute (IRTI), Islamic Development Bank 2013
Subjects:	HC94 By region or country HD72 Economic growth, development, planning HF3000 By region or country
Online Access:	http://irep.iium.edu.my/36395/ http://irep.iium.edu.my/36395/ http://irep.iium.edu.my/36395/ http://irep.iium.edu.my/36395/1/Trade_and_Human_Development_in_OIC_Countries_P55-70.pdf

id	iium-36395
recordtype	eprints
spelling	iium-363952015-02-16T05:39:27Z http://irep.iium.edu.my/36395/ Trade and human development in OIC countries: a panel data analysis Hamid, Zarinah Mohd Amin, Ruzita HC94 By region or country HD72 Economic growth, development, planning HF3000 By region or country This study examines the relationship between trade and the OIC countries 19 social developments as measured by the Human Development Index (HDI) using the generalized method of moments (GMM) procedure in a panel data distributed lag model for the years 1980 to 2005, with a five-year increments as well as annual data from 2000 to 2009. It addresses two questions: (i) whether trade has a positive relationship with human development as reflected by longevity, educational attainment and income in the HDI measurement, and (ii) whether trade still has a positive relationship with human development, when the income component of the HDI is excluded. Comparisons are made across OIC countries based on three World Bank Classifications by Income, namely, high income, middle income and low income countries. Trade is found to have a significant positive relationship with HDI for all income categories, but insignificant relationship with non-income HDI. The finding indicates that trade is associated with human development only through income channels, and it is not associated with other components, such as longevity, literacy level and educational attainment. More of appropriate and effective public policies need to be formulated and implemented so as to achieve the desired outcomes of multi-dimensional human development in the true sense of the word. Islamic Research and Training Institute (IRTI), Islamic Development Bank 2013-11 Article PeerReviewed application/pdf en http://irep.iium.edu.my/36395/1/Trade_and_Human_Development_in_OIC_Countries_P55-70.pdf Hamid, Zarinah and Mohd Amin, Ruzita (2013) Trade and human development in OIC countries: a panel data analysis. Islamic Economic Studies, 21 (2). pp. 55-70. ISSN 1319-1616 http://www.irti.org/irj/portal/anonymous?NavigationTarget=navurl://9f2fce6fa1edbb598a297ca12393ddab&guest_user=irti_eng DOI 10.12816/0001558
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HC94 By region or country HD72 Economic growth, development, planning HF3000 By region or country
spellingShingle	HC94 By region or country HD72 Economic growth, development, planning HF3000 By region or country Hamid, Zarinah Mohd Amin, Ruzita Trade and human development in OIC countries: a panel data analysis
description	This study examines the relationship between trade and the OIC countries 19 social developments as measured by the Human Development Index (HDI) using the generalized method of moments (GMM) procedure in a panel data distributed lag model for the years 1980 to 2005, with a five-year increments as well as annual data from 2000 to 2009. It addresses two questions: (i) whether trade has a positive relationship with human development as reflected by longevity, educational attainment and income in the HDI measurement, and (ii) whether trade still has a positive relationship with human development, when the income component of the HDI is excluded. Comparisons are made across OIC countries based on three World Bank Classifications by Income, namely, high income, middle income and low income countries. Trade is found to have a significant positive relationship with HDI for all income categories, but insignificant relationship with non-income HDI. The finding indicates that trade is associated with human development only through income channels, and it is not associated with other components, such as longevity, literacy level and educational attainment. More of appropriate and effective public policies need to be formulated and implemented so as to achieve the desired outcomes of multi-dimensional human development in the true sense of the word.
format	Article
author	Hamid, Zarinah Mohd Amin, Ruzita
author_facet	Hamid, Zarinah Mohd Amin, Ruzita
author_sort	Hamid, Zarinah
title	Trade and human development in OIC countries: a panel data analysis
title_short	Trade and human development in OIC countries: a panel data analysis
title_full	Trade and human development in OIC countries: a panel data analysis
title_fullStr	Trade and human development in OIC countries: a panel data analysis
title_full_unstemmed	Trade and human development in OIC countries: a panel data analysis
title_sort	trade and human development in oic countries: a panel data analysis
publisher	Islamic Research and Training Institute (IRTI), Islamic Development Bank
publishDate	2013
url	http://irep.iium.edu.my/36395/ http://irep.iium.edu.my/36395/ http://irep.iium.edu.my/36395/ http://irep.iium.edu.my/36395/1/Trade_and_Human_Development_in_OIC_Countries_P55-70.pdf
first_indexed	2023-09-18T20:52:08Z
last_indexed	2023-09-18T20:52:08Z
_version_	1777410065198743552

Trade and human development in OIC countries: a panel data analysis

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