DETERMINING REAL EXCHANGE RATE FLUCTUATIONS IN THE OIL-BASED GCC ECONOMIES
Journal Title: Asian Economic and Financial Review - Year 2016, Vol 6, Issue 6
Abstract
This paper attempts to empirically determine the relationship between oil price fluctuations and movements in the dollar-pegged Gulf Cooperation Council (GCC) countries? exchange rates. Panel unit root tests are applied, followed by the estimation of a panel co-integration model to identify the long-run equilibrium relationship.
Authors and Affiliations
Amin Z. A. *| Department of Economics, College of Business Administration, Kuwait University, Kuwait, El-Sakka M. I. T. | Department of Economics, College of Business Administration, Kuwait University, Kuwait
Keywords
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