Trade structure of Oman: evidence from gravity model

This chapter attempts to determine the factors that affect trade by investigating the international trade structure of Oman with her five major trading partners namely China, USA, Singapore, Japan and Korea. It employs scaled and unscaled gravity model on a series of bilateral trade flows using time...

Full description

Bibliographic Details
Main Authors:	Hamid, Zarinah, Ma, Qinfen
Other Authors:	Al-Mawali, Nasser Rashid
Format:	Book Chapter
Language:	English
Published:	College of Banking and Financial Studies 2019
Subjects:	HB Economic Theory HF Commerce HF1040 Commodities. Commercial products HF3000 By region or country
Online Access:	http://irep.iium.edu.my/73570/ http://irep.iium.edu.my/73570/ http://irep.iium.edu.my/73570/1/73570_Trade%20structure%20of%20Oman.pdf

id	iium-73570
recordtype	eprints
spelling	iium-735702019-10-25T04:15:05Z http://irep.iium.edu.my/73570/ Trade structure of Oman: evidence from gravity model Hamid, Zarinah Ma, Qinfen HB Economic Theory HF Commerce HF1040 Commodities. Commercial products HF3000 By region or country This chapter attempts to determine the factors that affect trade by investigating the international trade structure of Oman with her five major trading partners namely China, USA, Singapore, Japan and Korea. It employs scaled and unscaled gravity model on a series of bilateral trade flows using time series and panel estimations during the period of 1981 and 2015. The findings from the empirical results of Oman with its trading partners have some implications. Increases in Oman’s economic size (positive coefficients of GDP) and Free Treatment Agreements (GAFTA) will increase the import, export and total trade. Common border and common language are likely to lower costs and boost international trade. Distance has a significant and negative effect on Oman’s import, export and total trade. Hence, Oman’s government should increase the infrastructure of transportation to increase trade flow. As the coefficient of Oman’s CPI is significant and positive, depreciation value will increase Oman’s import, which indicates the price of import goods is inelastic. The depreciation of the currency decreases export due to the price of export goods being inelastic. The findings of this chapter provide useful information for the formulation of strategies which would enhance Oman’s economic diversification programme. It also serves additional information as to whether it needs to realign the existing policies in order to promote a more favorable environment and sustainable development in Oman. College of Banking and Financial Studies Al-Mawali, Nasser Rashid Al Lawati, Anis Moosa Suryanarayana, Ananda 2019 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/73570/1/73570_Trade%20structure%20of%20Oman.pdf Hamid, Zarinah and Ma, Qinfen (2019) Trade structure of Oman: evidence from gravity model. In: Diversification of Oman Economy for Sustainable Development: Strategic Issues and Imperatives. College of Banking and Financial Studies, Sultanate of Oman, pp. 41-58. ISBN 978-99969-824-1-5 http://www.cbfs.edu.om
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB Economic Theory HF Commerce HF1040 Commodities. Commercial products HF3000 By region or country
spellingShingle	HB Economic Theory HF Commerce HF1040 Commodities. Commercial products HF3000 By region or country Hamid, Zarinah Ma, Qinfen Trade structure of Oman: evidence from gravity model
description	This chapter attempts to determine the factors that affect trade by investigating the international trade structure of Oman with her five major trading partners namely China, USA, Singapore, Japan and Korea. It employs scaled and unscaled gravity model on a series of bilateral trade flows using time series and panel estimations during the period of 1981 and 2015. The findings from the empirical results of Oman with its trading partners have some implications. Increases in Oman’s economic size (positive coefficients of GDP) and Free Treatment Agreements (GAFTA) will increase the import, export and total trade. Common border and common language are likely to lower costs and boost international trade. Distance has a significant and negative effect on Oman’s import, export and total trade. Hence, Oman’s government should increase the infrastructure of transportation to increase trade flow. As the coefficient of Oman’s CPI is significant and positive, depreciation value will increase Oman’s import, which indicates the price of import goods is inelastic. The depreciation of the currency decreases export due to the price of export goods being inelastic. The findings of this chapter provide useful information for the formulation of strategies which would enhance Oman’s economic diversification programme. It also serves additional information as to whether it needs to realign the existing policies in order to promote a more favorable environment and sustainable development in Oman.
author2	Al-Mawali, Nasser Rashid
author_facet	Al-Mawali, Nasser Rashid Hamid, Zarinah Ma, Qinfen
format	Book Chapter
author	Hamid, Zarinah Ma, Qinfen
author_sort	Hamid, Zarinah
title	Trade structure of Oman: evidence from gravity model
title_short	Trade structure of Oman: evidence from gravity model
title_full	Trade structure of Oman: evidence from gravity model
title_fullStr	Trade structure of Oman: evidence from gravity model
title_full_unstemmed	Trade structure of Oman: evidence from gravity model
title_sort	trade structure of oman: evidence from gravity model
publisher	College of Banking and Financial Studies
publishDate	2019
url	http://irep.iium.edu.my/73570/ http://irep.iium.edu.my/73570/ http://irep.iium.edu.my/73570/1/73570_Trade%20structure%20of%20Oman.pdf
first_indexed	2023-09-18T21:44:18Z
last_indexed	2023-09-18T21:44:18Z
_version_	1777413346746695680

Trade structure of Oman: evidence from gravity model

Similar Items