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Oman’s Trade Potentials with Indian Ocean Rim Countries
Perspectives on Global Development and Technology Pub Date : 2021-02-04 , DOI: 10.1163/15691497-12341574
Azmat Gani 1 , Haslifah M. Hasim 2 , Nasser Al-Mawali 3
Affiliation  

Oman’s regional trade flow, especially with the Indian Ocean Rim countries, is examined within a gravity model framework. The analysis is based on the generalised method of moments (GMM) estimation procedure. The findings show that Oman’s exports are strongly determined by the Indian Ocean Rim countries’ populations, gross domestic product, infrastructure, Oman’s trade policy and a common border and language. Distance is found to induce significant friction for Oman’s imports. We conclude that the Indian Ocean Rim countries are sources of active markets and provide opportunities for greater trade integration. In light of the dramatic decline in world oil prices in recent years, Oman also needs to reduce its reliance on oil earnings and intervene more aggressively in its domestic economy by diversifying its non-oil sector and concentrate more on non-oil led exports.



中文翻译:

阿曼与印度洋边缘国家的贸易潜力

在重力模型框架内研究了阿曼的区域贸易流量,特别是与印度洋边缘国家的贸易流量。该分析基于广义矩量法(GMM)估算程序。调查结果表明,阿曼的出口在很大程度上取决于印度洋沿岸国家的人口,国内生产总值,基础设施,阿曼的贸易政策以及共同的边界和语言。人们发现,距离会给阿曼的进口造成巨大的摩擦。我们得出的结论是,印度洋沿岸国家是活跃市场的来源,并为进一步的贸易一体化提供了机会。鉴于近年来世界石油价格的急剧下跌,阿曼还需要减少对石油收入的依赖,并通过使非石油部门多样化并更多地集中于非石油主导的出口来更加积极地干预其国内经济。

更新日期:2021-03-16
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