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.
Keywords
Economics
Goods and services
Gravity model of trade
Field (mathematics)
International economics
Trade in services
Gravity equation
International trade
Bilateral trade
Trade barrier
Economy
Geography
Subject Areas
Global trade and economics
·General Economics, Econometrics and Finance ·Social Sciences
Global Financial Crisis and Policies
·Finance ·Social Sciences
Global Trade and Competitiveness
·Strategy and Management ·Social Sciences
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