Kuwait-University-Journal-of-Law-header
Search
Journal of Law

Previous Issues

Advance Search
Year : From To Vol
Issue Discipline:
Author

Volume :21 Issue : 81 1996      Add To Cart                                                                    Download

CHANGING OIL PRICES, NON-PPRICE RATIONING AND THE DEMAND FOR TOTAL IMPORTS IN KUWAIT

Auther : By : Dr. El-Sayed M. El-Samadisy

Recently, there have been growing interest in examining the behaviour of imports and or import expenditures in the member states of the Gulf Cooperation Council. A number of studies have presented estimates of imports price and or income elasticities for the GCC countries. These include Assery and Perdikis (1990). Metwally and Abdel-Rahman (1985), Metwally et al (1987) and Metwally (1993b). While Metwally and Abdel-Rahman (1985) and Metwally (1933b) have examined structural changes in imports demand, they have implicitly assumed zero price elasticities. Asseery and Perdikis (1990) did not deal with the issues of structural break, but, considered a more general formulation of the imports demand function for the GCC countries that includes relative prices as an argument. None of the reviewed studies on the GCC countries have, however, examined the importance of non-price rationing in the determination of total imports.

The purpose of this empirical study is two fold: a) to make a first attempt at assessing the relevance of non-price rationing on the part of domestic producers of importables to the demand for total imports Kuwait; and b) to inquire into the impact of the dramatic changes in the natinal wealth, caused by the abrupt changes in oil prices on the demand for total Kuwaiti imports.

Journal of Law
Journal of Law

You are Visitor No.

75781

Journal of Law
Journal of Law
Tell your friendsJournal of Law
Journal of Law

Last Updated

May 18, 2017

Journal of Law
Journal of Law
Journal of Law

Please enter your email Here to receive our news

Journal of Law