THE EFFECT OF THE DECLINE IN OIL REVENUE ON THE IMPORT PATTERNS OF THE MEMBERS OF THE GULF COOPERATION COUNCIL

Authors
METWALLY MM
Citation
Mm. Metwally, THE EFFECT OF THE DECLINE IN OIL REVENUE ON THE IMPORT PATTERNS OF THE MEMBERS OF THE GULF COOPERATION COUNCIL, International journal of energy research, 17(5), 1993, pp. 413-424
Citations number
NO
Categorie Soggetti
Energy & Fuels",Engineering,"Nuclear Sciences & Tecnology
Journal title
International journal of energy research → ACNP
ISSN journal
0363907X
Volume
17
Issue
5
Year of publication
1993
Pages
413 - 424
Database
ISI
SICI code
0363-907X(1993)17:5<413:TEOTDI>2.0.ZU;2-A
Abstract
This paper examines the impact of the fluctuations in oil revenue on t he import patterns of the GCC countries. The study is a disaggregated analysis of the relationship between imports of various commodity grou ps, using two-digit SIT classifications and per capita income in each of the six members of the Gulf Cooperation Council (GCC). The research shows that the reduction in oil revenue since late 1982 has completel y upset the import-income relationship which was developed during the boom years, 1974-1981.