EXPORTS AND IMPORTS IN QATAR: EVIDENCE FROM COINTEGRATION AND ERROR CORRECTION MODEL
Journal Title: Asian Economic and Financial Review - Year 2013, Vol 3, Issue 9
Abstract
This paper investigates the existence of long-run relationship between exports and imports in Qatar’s economy using Johansen cointegration approach. Qatar is a small open economy that depends on the outside world for exporting its oil, natural gas and its hydrocarbons and to import consumer and capital goods. Exports compose a major proportion of GDP. Annual data for the period from 1980-2011 were used. ADF and Phillip-Perron unit root tests were applied to time series data and variables were found to be integrated of order one. Exports and imports were found to be cointegrated and hence, a long-run relationship exists between exports and imports, and Qatar is not in violation of its international budget constraints. An error correction model was specified and imports were found to Granger cause exports in the long-run.
Authors and Affiliations
Abdulla S. Al-Khulaifi| Doha – Qatar
Keywords
Related Articles
- EP ID EP1949
- DOI -
- Views 476
- Downloads 30
APPLICATION OF COMPUTED FINANCIAL RATIOS IN FRAUD DETECTION MODELLING: A STUDY OF SELECTED BANKS IN NIGERIA
The study examines the application of computed financial ratios in fraud detection modeling using existing Financial Ratio Models with a view to detecting their capabilities in application in Nigerian banking system. Dat...
FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: EVIDENCE FROM A PANEL STUDY ON SOUTH ASIAN COUNTRIES
The paper examines the relationship between financial development and economic growth using panel data for five emerging South Asian countries - Bangladesh, India, Nepal, Pakistan and Sri Lanka. The heterogeneous panel d...
THE EFFECT OF VALUATION RATIOS, GOLD PRICE, AND PETROLEUM PRICE ON EQUITY RETURNS: A COMPARISON OF STATIC PANEL AND QUANTILE REGRESSIONS
The purpose of this paper is to investigate to impact of valuation ratios, oil price changes and gold price changes on equity returns using static panel regression and quantile regression for 25 industrial firms at ISE (...
DO NEGATIVE INCIDENTS AND CORPORATE SOCIAL RESPONSIBILITY INFLUENCE ON SPONSORS’ STOCK ABNORMAL RETURNS?
This study aimed at introducing the panel data analysis to explore the determinants and the effect of ethics violations on the abnormal returns of the sponsors of Chinese Professional Baseball League (CPBL) by using the...
ESTIMATING GROWTH IN INVESTMENT OF MICRO AND SMALL SCALE ENTERPRISES IN NIGERIA
This study analyzed the growth in investment of Micro and Small Scale Enterprises Intermediated by the informal credit market in Nigeria. Primary data for this study were collected from 10 (ten) Local Government Areas of...