The role of democracy and governance in the enhancement of indonesian exports to the organization of the islamic cooperation (OIC) countries

Aditya Rangga Yogatama, Fithra Faisal Hastiadi

Research output: Contribution to journalArticlepeer-review

Abstract

The formulation of new OIC Charter at the 11th OIC Summit in Dakar, 2008, has became the momentum for OIC countries to reassert the importance of democracy and institutional reform in promoting economic and trade cooperation among its members. This study aims to explore the role of democracy and governance in the enhancement of Indonesian exports to the OIC countries during 1998-2012 using augmented gravity model. The results showed that both democracy and governance in Indonesia have positive and significant effect in enhancing Indonesian exports to the OIC countries. While the governance in OIC countries also has positive and significant effect in improving Indonesian exports. On the other hand, democracy in OIC countries has negative and significant effect on the same matter, because lower income OIC countries tend to implement closed trade policy.

Original languageEnglish
Pages (from-to)51-78
Number of pages28
JournalJournal of Economic Cooperation and Development
Volume37
Issue number4
Publication statusPublished - 1 Jan 2016

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