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

• Autorzy: Khalid Hamad A. Alquadair
• Języki publikacji: EN

Abstrakty

EN

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.(original abstract)

Słowa kluczowe

PL

Produkt krajowy brutto (PKB); Sytuacja gospodarcza; Wzrost gospodarczy; Analiza regresji

EN

Gross domestic product (GDP); Economic situation; Economic growth; Regression analysis

• Czasopismo: Argumenta Oeconomica
• Rocznik: 2014
• Numer: nr 1 (32)
• Strony: 95-113

Twórcy

autor

Khalid Hamad A. Alquadair

• King Saud University, Riyadh, Kingdom of Saudi Arabia

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