Trade Agreement and Economic Growth: Evidence in D-8 Countries

Arisman Arisman (Universitas Islam Negeri (UIN) Syarif Hidayatullah)
Mohammad Nur Rianto Al Arif (Universitas Islam Negeri (UIN) Syarif Hidayatullah Jakarta)
Darwis Harahap (IAIN Padangsidimpuan)

Signifikan : Jurnal Ilmu Ekonomi
Vol 10, No 2 (2021)

The D-8 organization was established to accelerate the economies of eight developing countries that joined the OIC, but the data showed a decline in the share of the D-8 countries towards the total GDP of developing countries. Thus, this study examines whether there are differences in economic growth between D-8 and non-D-8 countries. The tests were carried out on eight D-8 member countries and eight non-D8 countries. Using panel regression with a fixed-effect model, the study results indicate differences in economic growth between D-8 and non-D-8 member countries. These results indicate that joining D-8 made a significant contribution to its member countries. In addition, all control variables such as political stability, population, export, and human development index show a positive impact on economic growth.JEL Classification: F13, F14, F43How to Cite:Arisman., Al Arif, M. N. R., & Harahap, D. (2021). Trade Agreement and Economic Growth: Evidence in D-8 Countries. Signifikan: Jurnal Ilmu Ekonomi, 10 (2), 311-324. https://doi.org/10.15408/sjie.v10i2.21457.