Academy of Entrepreneurship Journal (Print ISSN: 1087-9595; Online ISSN: 1528-2686)


Nexus Between Import and Export on Economic Growth of Arab Countries

Author(s): Uzma Khan, Nouf Alkatheery, Aarif Mohammad Khan, Ajay Sharma

Objective: Economic growth depends on certain Gross Domestic Products (GDP), which should increase as the Arab countries' population grows with time. Imports and exports have a broad impact on economic growth.

Methodology: This study focuses on the comparative analysis of economic growth based on connectivity among the products' imports and exports using a panel approach and graphical illustration. This research study includes Qatar, Saudi Arabia, Turkey, Egypt, Arab Rep., Oman, Libya, Kuwait, Bahrain, and the United Arab Emirates.

Findings: the dynamic panel study finding reveals that import plays a vital role in promoting economic growth compared to the export based on GMM, FMOLS and DOLS techniques, while the other approach is graphical, which delineate the comparison among Arab countries based on GDP, export and import, showed that Turkey has the highest GDP. In contrast, the UAE has the highest export and import, although it stands third in GDP.

Originality: Panel and graphical method simultaneously predict export-led growth or import-led growth models for Arab world countries.

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