Tradedynamics
Description
This dataset is to replicate the results reported in the paper "Trade Dynamics in the Middle East: A GAMLSS Analysis of Economic and Conflict Variables". Data and information are gathered for 17 countries in the Middle East, namely Bahrain, Cyprus, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, the United Arab Emirates, Yemen, and Palestine (in alphabetical order). World Bank Open Data, Metadata from the World Bank Group, and OECD National Accounts data files serve as the primary sources of the data. International trade policy changes in response to the recent global crisis during the COVID-19 pandemic. The definition of the variables is as follows: Trade share (trade_shr): Trade (% of GDP); Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. GDP Growth (GDP_gr): GDP growth (annual %); annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for the depreciation of fabricated assets or for the depletion and degradation of natural resource. Inflation (infl): Inflation, consumer prices (annual %); the consumer price index measures inflation and reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Dummy Variable for War (D1_War): The years in which countries are involved in war took the value of 1, and other years took the value of 0. Dummy Variable for Domestic Conflicts (D2_DC): The years in which countries are involved in domestic conflicts took the value of 1, and other years took the value of 0. Dummy Variable for Global Crisis (D3_GC): The years in which countries faced a global crisis took the value of 1, and other years took the value of 0. The global crises in this paper are as follows: Great Depression (1929-1939) 1973-1974 Oil Price Shock 1979-1980 Oil Crisis Global Financial Crisis (2007-2008) Eurozone Crisis (2010-2014) COVID-19 Pandemic (2020-2022)