The Role of Trade with the EU in Libyan Economy Development

• Autorzy: Mahmud A. Geheder , Mohamed S. Moussa , Emhemed R. Shnibesh , Abdulhamid A. Yousef

Warianty tytułu

Znaczenie handlu z UE w rozwoju libijskiej gospodarki

• Języki publikacji: EN

Abstrakty

EN

The paper is based on an economic analysis of the Libya's foreign trade during the period 1970-2006, with special reference to the trade process between Libya and the EU. In addition, the paper investigates the process of adjustment of Libyan imports from the EU, in the level of domestic economic activities (real income), the consumer price index (CPI), and the exchange rates of the Libyan dinar. The aim is to provide estimates of the aggregate demand of Libya's imports from the EU over the period, applying standard econometrics techniques complemented by appropriate diagnostic tests based on recent and by now widely used dynamic modeling and cointegration techniques. As well as the paper tends to estimate a long run of the independent variables elasticity stated above for Libya's imports from the EU. The findings suggest more economic cooperation through bilateral relations, improving the investment environment in the Libyan market and supporting further economic cooperation through the Euro-Mediterranean Process and suggest the need for trade agreement with the EU. (original abstract)

Opracowanie zawiera analizę libijskiego handlu zagranicznego w latach 1970-2006, ze szczególnym uwzględnieniem handlu z krajami Unii Europejskiej. W artykule przedstawiono proces zmian libijskiego importu z krajów UE z uwzględnieniem poziomu dochodów realnych, indeksu wzrostu cen towarów i usług konsumpcyjnych oraz kursu wymiany libijskiego dinara. Celem opracowania jest ocena zagregowanego libijskiego popytu na import z UE w przyjętym okresie przy wykorzystaniu standardowych technik ekonometrycznych uzupełnionych przez odpowiednie testy diagnostyczne oparte na szeroko obecnie wykorzystywanych technikach dynamicznego modelowania i kointegracji. Wyniki analiz sugerują większą współpracę ekonomiczną poprzez kontakty dwustronne, poprawę środowiska inwestycyjnego w Libii, wspieranie przeszłej współpracy w ramach Procesu Morza Śródziemnego oraz wskazują potrzebę porozumień handlowych z UE. (abstrakt oryginalny)

Słowa kluczowe

EN

Trade; Economic development; Econometrics; Diagnostic test

PL

Handel; Rozwój gospodarczy; Ekonometria; Badanie diagnostyczne

• Czasopismo: Acta Scientiarum Polonorum. Oeconomia
• Rocznik: 9 (2010)
• Numer: nr 1
• Strony: 49--59

Twórcy

autor

Mahmud A. Geheder

• University of El Fateh, Tripoli, Libya

autor

Mohamed S. Moussa

• University of El Fateh, Tripoli, Libya

autor

Emhemed R. Shnibesh

• 7th April University, Tripoli, Libya

autor

Abdulhamid A. Yousef

• 7th April University, Tripoli, Libya

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