Determinants of Aggregate Imports in the GCC countries
AbstractThe GCC countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) depend heavily on the outside world for the supply of most of their needs. This is because of the relatively weak productive capacity of these economies, due to lack of resources, particularly labor, materials and water. The aim of this paper is to examine the impact of the fluctuations in oil exports on GCC spending on imports and in particular, to analyze the long-run relationship between the imports of each GCC member and the macroeconomic components of final expenditure (exports, government consumption, investment and private consumption) using Johansen multivariate cointegration analysis.
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Bibliographic InfoArticle provided by Euro-American Association of Economic Development in its journal Applied Econometrics and International Development.
Volume (Year): 4 (2004)
Issue (Month): 3 ()
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Find related papers by JEL classification:
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
- F1 - International Economics - - Trade
- N75 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Asia including Middle East
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