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

Abstract: 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

Standort
Deutsche Nationalbibliothek Frankfurt am Main
Umfang
Online-Ressource
Sprache
Englisch
Anmerkungen
Veröffentlichungsversion
begutachtet (peer reviewed)
In: International Letters of Social and Humanistic Sciences (2014) 12 ; 63-70

Klassifikation
Handel, Kommunikation, Verkehr

Ereignis
Veröffentlichung
(wo)
Mannheim
(wer)
SciPress
(wann)
2014

DOI
10.18052/www.scipress.com/ILSHS.12.63
URN
urn:nbn:de:101:1-2019051816151690723405
Rechteinformation
Open Access; Open Access; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
Letzte Aktualisierung
14.08.2025, 10:51 MESZ

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Beteiligte

  • SciPress

Entstanden

  • 2014

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