:: Volume 6, Issue 24 (quarterly journal of fiscal and economic policies 2019) ::
qjfep 2019, 6(24): 171-189 Back to browse issues page
The Role of Intermediate and Capital Goods Imports in Non-Oil Exports in OPEC Countries: Spatial Dynamic Panel Data Approach
Abstract:   (3953 Views)

One of the issues discussed in the international economics literature is the type and amount of imported goods. The main reason for these disputes is the negative impact of imports on the domestic economy. On the other hand, some experts believe that there are some types of import that do not lead to increase the dependency and not reduce the sustainable development of the importing country. The import of intermediate goods and capital, in addition to providing the basic needs of the manufacturing sector, has led to increase in the knowledge and technology spillover from developed countries to developing countries. Thus, these types of imports indirectly increase output and ultimately exports of developing countries. This paper aims to examine the effect of import of intermediate and capital goods on non-oil exports in OPEC Countries so using Spatial Panel Data Approach during 2005-2015. The results indicate that these imports have significant and positive effects on non-oil exports. In other words, one percent increase in import of intermediate goods and capital goods increase the growth of non-oil exports in OPEC countries 0.45 and 0.38 percent respectively.
 

Keywords: Non-Oil Exports, Imports of Intermediate Goods, Imports of Capital Goods, OPEC, Spatial Panel Data Approach.
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Type of Study: Research | Subject: Special


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Volume 6, Issue 24 (quarterly journal of fiscal and economic policies 2019) Back to browse issues page