Title: The impact of drop in global oil prices on the sale of mobile phones in the Kingdom of Bahrain during 2016

Authors: A. Mohammed Rafique Mohammed Shafi; Subhadra Ganguli

Addresses: College of Business, Ahlia University, Manama, Bahrain ' Department of Accounting and Economics, College of Business, Ahlia University, Exhibition Road, P.O. Box 20525, Manama, Bahrain; Department of Economics, School of Business, The College of New Jersey, 2000 Pennington Rd, Ewing Township, NJ 08618, USA

Abstract: This paper analyses the impact of continued low oil prices on the sale of mobile phones in 2016 in the Kingdom of Bahrain. The paper applies descriptive analysis and regression technique to survey data collected. It concludes that oil price is the only significant factor affecting the sale of mobile phones in Bahrain while income, price, promotions and political and economic stability in Bahrain have no significant impact. The findings could direct policy towards further diversification of the economy in non-oil sectors. It emphasises the fact that oil price drives the revenues and business of the mobile sector. Further research should be conducted to evaluate and analyse the degree of impact of oil price change on other sectors of the economy.

Keywords: Bahrain; mobile phone; oil price; regression; Gulf Cooperation Council; GCC.

DOI: 10.1504/IJEBANK.2020.111430

International Journal of Electronic Banking, 2020 Vol.2 No.3, pp.223 - 236

Received: 07 Jun 2019
Accepted: 05 Feb 2020

Published online: 13 Nov 2020 *

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