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Merchandise Import Demand Function in Saudi Arabia

Author

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  • Mohamed Abbas Ibrahim

Abstract

Merchandise imports in Saudi Arabia is growing steadily and very rapidly, at an average growth rate of 10.04 percent/year during 1975-2011. So, this study is very important to know the merchandise imports determinants in Saudi Arabian economy. This study empirically estimates the critical parameters of merchandise import demand determinants for Saudi Arabia by using Ordinary Least Squares (OLS) approach and Error Correction model during the period (1975-2011). The empirical results obtained show that, in both long run and short run, there are positive and significant relationships between the demand for merchandise import and real gross domestic product, gross capital formation expenditure, private consumption expenditure, government consumption expenditure and the relative price of imports to domestic price. On the other hand, there are positive but insignificant relationship between the demand for merchandise import and international reserves either in the long run or the short run. JEL Classification: C22, F62, P33

Suggested Citation

  • Mohamed Abbas Ibrahim, 2015. "Merchandise Import Demand Function in Saudi Arabia," Applied Economics and Finance, Redfame publishing, vol. 2(1), pages 55-65, February.
    • Handle: RePEc:rfa:aefjnl:v:2:y:2015:i:1:p:55-65
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    File URL: http://redfame.com/journal/index.php/aef/article/view/626
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    Citations

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    Cited by:

    1. Mohammed Aljebrin, 2018. "Non-Oil Trade Openness and Financial Development Impacts on Economic Growth in Saudi Arabia," International Journal of Economics and Financial Issues, Econjournals, vol. 8(5), pages 251-260.
    2. Fayq Al Akayleh, 2017. "Accession to World Trade Organization and its Implications for Trade Diversification and Economic Activity: Evidence from Saudi Arabia," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 3(12), pages 332-345, 12-2017.

    More about this item

    Keywords

    International Trade; Merchandise Import Demand; Error Correction model; Saudi Arabia.;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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