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What Would Normalisation of Economic Relations Between Mashrek Countries, Turkey and Israel Imply?

Author

Listed:
  • Alfred Tovias
  • Sema Kalaycioglu
  • Inon Dafni
  • Ester Ruben
  • Lior Herman

Abstract

This article examines the potential for economic cooperation among Mashrek countries, Turkey and Israel in the fields of trade in goods and services both separately and across‐field. It first describes the macroeconomic features of the region and then estimates the overall potential for inter‐industry trade in goods by estimating gravity equations for each country separately and the potential for intra‐industry trade using Grubel‐Lloyd indices. The article also examines the potential for trade in specific services, namely information and computer technology, transport, financial and health services.

Suggested Citation

  • Alfred Tovias & Sema Kalaycioglu & Inon Dafni & Ester Ruben & Lior Herman, 2007. "What Would Normalisation of Economic Relations Between Mashrek Countries, Turkey and Israel Imply?," The World Economy, Wiley Blackwell, vol. 30(4), pages 665-684, April.
    • Handle: RePEc:bla:worlde:v:30:y:2007:i:4:p:665-684
    DOI: 10.1111/j.1467-9701.2006.00823.x
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    Cited by:

    1. Johanes Agbahey & Khalid Siddig & Harald Grethe & Jonas Luckmann, 2022. "Trade policy in a sovereign Palestinian State: What are the options in a final settlement?," The World Economy, Wiley Blackwell, vol. 45(10), pages 3269-3293, October.
    2. Miroslav N. Jovanović (ed.), 2011. "International Handbook on the Economics of Integration, Volume I," Books, Edward Elgar Publishing, number 13463.
    3. Andrzej Cies´lik & Jan Hagemejer, 2009. "Assessing the Impact of the EU-sponsored Trade Liberalization in the MENA Countries," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 24, pages 343-368.
    4. Tomer Broude, 2011. "Towards a Relance Arabe? Bilateral and Regional Economic Integration Initiatives in the Middle East and North Africa," Chapters, in: Miroslav N. Jovanović (ed.), International Handbook on the Economics of Integration, Volume I, chapter 22, Edward Elgar Publishing.

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