External and Internal Causes of Inflation in the GCC Countries
[Thesis]
[Thesis]
[Thesis]
[Thesis]
Noaf Aljowaie
Willett, Thomas
The Claremont Graduate University
2015
81
Committee members: Denzau, Arthur; bird, Graham
Place of publication: United States, Ann Arbor; ISBN=978-1-321-68473-5
Ph.D.
School of Politics and Economics
The Claremont Graduate University
2015
In this dissertation, our goal is to estimate a model that explains the behavior of inflation for Saudi Arabia, Oman, Bahrain, Qatar, Kuwait, and the United Arab Emirates (all GCC countries), as well as inflation's main causes. We use the Vector Error Correction (VEC) model, because it considers both the long and short run behavior of inflation. In addition to the VEC model, we estimate a Vector Autoregressive model (VAR) to compare the short run predictions of both the VEC and VAR models.