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

Moayad Al Rasasi (), Goblan Algahtani and Abdulrahman Alqahtani
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Abdulrahman Alqahtani: Economic Specialist, International Affairs Department, Saudi Arabian Monetary Authority, Saudi Arabia

International Journal of Economics and Financial Issues, 2017, vol. 7, issue 4, 590-594

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 (search for similar items in EconPapers)
JEL-codes: C13 C22 C50 E31 Q43 (search for similar items in EconPapers)
Date: 2017
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