Study the foreign trade effects on economic development in some developing countries including Iran and Turkey

This research attempts to study the effect of the indices related to the variables of foreign trade, physical and human capital and energy consumption on the process of economy growth. So, seven selected developing countries during 1990-2011 were studied in the frame of the panel cointegration technique with the approach of the ordinary least square (OLS). The results obtained by the conducted evaluation shows that all of the studied indices during the given time have positive and meaningful effect on the process of the economy growth. Keywords: Foreign trade, economic development, panel cointegration method