Journal article | Zeitschriftenartikel

The Relationship between Non-Oil Trade and GDP in Petroleum Exporting Countries

This paper investigates the causal relationship between non-oil international trade and the GDP in a panel of 11 selected oil exporting countries by using panel unit root tests and panel cointegration analysis. A three-variable model is formulated with oil revenues as the third variable. The results show a strong causality from oil revenues and economic growth to trade in the oil exporting countries. Yet, non-oil trade does not have any significant effects on GDP in short- and long-run. It means that it is the oil and GDP that drives the trade in mentioned countries, not vice versa. According to the results, decision makings should be employed to achieve sustainable growth through higher productivity and substantially enlarging the economic base diversification in the future.

The Relationship between Non-Oil Trade and GDP in Petroleum Exporting Countries

Urheber*in: Mehrara, Mohsen

Attribution 4.0 International

0
/
0

ISSN
2300-2697
Extent
Seite(n): 63-70
Language
Englisch
Notes
Status: Veröffentlichungsversion; begutachtet (peer reviewed)

Bibliographic citation
International Letters of Social and Humanistic Sciences(12)

Subject
Wirtschaft
Volkswirtschaftstheorie
Erdöl
Export
Außenhandel
Wirtschaftswachstum
Bruttoinlandsprodukt

Event
Geistige Schöpfung
(who)
Mehrara, Mohsen
Event
Veröffentlichung
(who)
SciPress
(where)
Schweiz
(when)
2014

DOI
Rights
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
Last update
21.06.2024, 4:27 PM CEST

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Object type

  • Zeitschriftenartikel

Associated

  • Mehrara, Mohsen
  • SciPress

Time of origin

  • 2014

Other Objects (12)