The impact of alternative international trade model on growth

In this thesis, the positive impact of Islamic international trade principles mentioned in the sources of Islamic scholars on the conventional international trade system was examined. To do this, we tried to explore new Islamic theoretical horizons while combining, analyzing and comparing the aspect of applicability and modernity, choosing fiqh rulings and New International Trade Theory models as main components. The study is divided into two main parts: theoretical and empirical. The first theoretical part reveals that in order to carry out a suitable and optimal structure for Islamic international trade, markets must be based on certain principles consisting of two categories of rules to be applied. The developing rules for the markets of the international trading system, based on monopolistic competition in the sense of Lancaster and the concept of priority inspired by the thoughts of Imam Shatibi. The second are protective rules based on three main policies: Price intervention, Selling incentive and Stockpiling policies. In the second stage of the study, we empirically assessed Al Shatibi's concept within a panel data of countries with monopolistic competitive markets according to Lancaster's model. To do this we applied Panel regression, Fixed effect and Random effect estimations. Finally, the Hausman test to detect the appropriate estimation. The findings largely confirmed the positive impact on social welfare of the implementation of the priority concept of Imam Al Shatibi's in international trade strategy within the framework of monopolistic competition and product diversification. These results make important contributions to the literature and future researches.