Saudi’s Growth and Financial Spillovers to Other GCC Countries: An Empirical Analysis

Author/Editor:

Olumuyiwa S Adedeji ; Sohaib Shahid ; Ling Zhu

Publication Date:

December 11, 2018

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

This paper examines real and financial linkages between Saudi Arabia and other GCC countries. Growth spillovers from Saudi Arabia to Bahrain are found to be sizeable and statistically significant, but those to other GCC countries are not found to be significant. Equity market movements in Saudi Arabia are found to have significant implications for other GCC countries, while there is no evidence of co-movements in bonds markets. These findings suggest some degree of interdependence among GCC countries.

Series:

Working Paper No. 18/278

English

Publication Date:

December 11, 2018

ISBN/ISSN:

9781484388792/1018-5941

Stock No:

WPIEA2018278

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

17

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