Tytuł:

The effect of the fluctuations in the components of aggregate demand on the non-oil GDP of the Kingdom of Saudi Arabia: a Vector Auto-Regression analysis

Tytuł publikacji grupowej:

Argumenta Oeconomica

Autor:

Alquadair, Khalid Hamad A.

Temat i słowa kluczowe:

Saudi Arabia ; Non-oil GDP components ; Vector Auto Regression ; variance decomposition ; Impulse Response Functions

Opis:

Argumenta Oeconomica, 2014, Nr 1 (32), s. 95-113

Abstrakt:

This study investigates the effect of the fluctuations in the components of aggregate demand on the non-oil GDP (RNOGDP) in the Kingdom of Saudi Arabia (KSA) using Vector Auto Regression analysis(VAR). The cointegration test indicates the existence of a long-term relationship between RNOGDP and the components of aggregate demand. The variance decomposition (VD) suggests that fluctuations in real government expenditure (RGOV) and real net exports (RNEXP) play a major role in explaining the fluctuations of real non-oil GDP, while the Impulse Response Functions (IRFs) indicate that the fluctuations in RGOV and real private consumption (RCONS) have a positive and the greatest influence on fluctuations in RNOGDP in the short run, but that vanishes in the long-term. On the other hand, the IRFs indicate that fluctuations in real investment (RI) and RNEXP have a negative effect on the fluctuations in RNOGDP in the short run, though they decline in the long run

Wydawca:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Miejsce wydania:

Wrocław

Data wydania:

2014

Typ zasobu:

artykuł

Format:

application/pdf

Język:

eng

Powiązania:

Argumenta Oeconomica, 2014, Nr 1 (32)

Prawa:

Wszystkie prawa zastrzeżone (Copyright)

Prawa dostępu:

Dla wszystkich w zakresie dozwolonego użytku

Lokalizacja oryginału:

Uniwersytet Ekonomiczny we Wrocławiu