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Alquadair Khalid Hamad A. (King Saud University, Riyadh, Kingdom of Saudi Arabia)
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
Argumenta Oeconomica, 2014, nr 1 (32), s. 95-113, rys., tab., bibliogr. 45 poz.
Słowa kluczowe
Produkt krajowy brutto (PKB), Sytuacja gospodarcza, Wzrost gospodarczy, Analiza regresji
Gross domestic product (GDP), Economic situation, Economic growth, Regression analysis
Arabia Saudyjska
Saudi Arabia
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)
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Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Pełny tekst
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