This empirical study investigates the process of adjustment of imports to changes in the level of domestic activity (income) and the relative prices in the Gulf Cooperation Council (GCC) Countries. The aim is to provide new estimates if the aggregate demand for imports in these countries over...

One of the consequences of globalization is the increased vulnerability of small nations to the events happening in the advanced world. This study estimates the macro-economic linkages between the GCC and the G7 countries. A small model has been developed with only seven key variables. Four of...