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Estimating Import Demand Function in Oil Exporting Countries: Panel Cointegration Approach

Author

Listed:
  • Kaouther Amiri
  • Ahlem Dakhlaoui
  • Besma Talibi

Abstract

This article examines the empirical determinants of import demand in oil exporting countries. We show by a panel cointegration analysis that the import demand in these countries depends positively on domestic demand and exports, the real exchange rate and oil prices. While the current account balance tends to reduce demand for imports.

Suggested Citation

  • Kaouther Amiri & Ahlem Dakhlaoui & Besma Talibi, 2013. "Estimating Import Demand Function in Oil Exporting Countries: Panel Cointegration Approach," International Journal of Maritime, Trade & Economic Issues (IJMTEI), International Journal of Maritime, Trade & Economic Issues (IJMTEI), vol. 0(1), pages 33-48.
    • Handle: RePEc:ers:ijmtei:v:i:y:2013:i:1:p:33-48
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    References listed on IDEAS

    as
    1. Mohsen Bahmani-Oskooee & Orhan Kara, 2003. "Relative Responsiveness of Trade Flows to a Change in Prices and Exchange Rate," International Review of Applied Economics, Taylor & Francis Journals, vol. 17(3), pages 293-308.
    2. Eleftherios J. Thalassinos & Evagelos D. Politis, 2012. "The Evaluation of the USD Currency and the Oil Prices: A Var Analysis," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 137-146.
    3. Vivek Arora & Athanasios Vamvakidis, 2005. "The Implications Of South African Economic Growth For The Rest Of Africa," South African Journal of Economics, Economic Society of South Africa, vol. 73(2), pages 229-242, June.
    4. Abdelhak Senhadji, 1998. "Time-Series Estimation of Structural Import Demand Equations: A Cross-Country Analysis," IMF Staff Papers, Palgrave Macmillan, vol. 45(2), pages 236-268, June.
    5. Mr. Andreas Billmeier & Miss Isabella Massa, 2007. "What Drives Stock Market Development in the Middle East and Central Asia—Institutions, Remittances, or Natural Resources?," IMF Working Papers 2007/157, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Import demand; oil exporting countries; panel cointegration;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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