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ARTÍCULO
TITULO

The Effects of Global Commodity Prices on Domestic Prices in Saudi Arabia

Moayad Al Rasasi    
Goblan Algahtani    
Abdulrahman Alqahtani    

Resumen

This paper evaluates the impacts of global commodity prices on domestic prices in Saudi Arabia with aid of econometric techniques and monthly data over the period 2000:01-2016:09. We find evidence suggesting the influential role of global commodity prices on Saudi domestic prices over long run. In particular, we find that non-fuel commodity prices have more impacts on domestic prices than energy prices. Likewise, we find evidence, based on Granger causality analysis, suggesting that global commodity prices are useful indicators in capturing the movements in domestic prices.Keywords: Global commodity prices, Domestic Prices, Saudi Arabia.JEL Classifications: C13, C22, C50, E31, Q43

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