This study aims to test the economic impact of international economic sanctions imposed by the United Nations and the United States on Iran’s foreign trade with the Gulf Cooperation Council (GCC) countries and the role these sanctions play. It attempts to achieve this by using the gravity model which consists of the total bilateral trade gross domestic product for both of the exporting and the importing country and the economic sanctions. The study applied the modern econometrics technique Autoregressive Distributed Lag (ARDL) to estimate the short-run, long-run relationship, and also error correction model (ECM) to explore the the causality direction. To achieve these objectives, the study was divided into four parts. The first part was an introduction. As for the second part, discuss the theoretical framework of economic sanctions. It also reviewed previous related studies. Part three addressed the nature of Iran’s foreign trade with the Gulf Cooperation Council (GCC). The fourth part presented the methodology of the study as well as the empirical study which were attained using modern techniques in researching the relations between the economic variables studied. Finally, part five addressed the findings and the recommendations of the study. The results of the study revealed that there is a long–run relationship Between variables for all GCC countries and Iran.. They also confirmed the existence of an impact resulting from the economic sanctions imposed on Iran in its foreign trade with the GCC countries. This impact is a positive one on Iran’s trade with the United Arab Emirates because of trade facilities offered by the Jebel Ali free trade zone and a negative one on Iran’s trade with the rest of the GCC countries.
This study aims to test the economic impact of international economic sanctions imposed by the United Nations and the United States on Iran’s foreign trade with the Gulf Cooperation Council (GCC) countries and the role these sanctions play. It attempts to achieve this by using the gravity model w...
مادة فرعية
المجلة الإلكترونية الشاملة متعددة التخصصات = Electronic Interdisciplinary Miscellaneous ...