The Effects of Global Commodity Prices on Domestic Prices in Saudi Arabia

Authors

  • Moayad Al Rasasi Economic Research Department, Saudi Arabian Monetary Authority
  • Goblan Algahtani Monetary Policy and Financial Stability Department, Saudi Arabian Monetary Authority
  • Abdulrahman Alqahtani International Affairs Department, Saudi Arabian Monetary Authority

Abstract

This paper evaluates the impacts of global commodity prices on domestic prices in Saudi Arabia with aid of econometric techniques and monthly data over the period 2000:01-2016:09. We find evidence suggesting the influential role of global commodity prices on Saudi domestic prices over long run. In particular, we find that non-fuel commodity prices have more impacts on domestic prices than energy prices. Likewise, we find evidence, based on Granger causality analysis, suggesting that global commodity prices are useful indicators in capturing the movements in domestic prices.Keywords: Global commodity prices, Domestic Prices, Saudi Arabia.JEL Classifications: C13, C22, C50, E31, Q43

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Published

2017-08-23

How to Cite

Al Rasasi, M., Algahtani, G., & Alqahtani, A. (2017). The Effects of Global Commodity Prices on Domestic Prices in Saudi Arabia. International Journal of Economics and Financial Issues, 7(4), 590–594. Retrieved from https://econjournals.com/index.php/ijefi/article/view/4992

Issue

Vol. 7 No. 4 (2017)

Section

Articles
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