Impact of Oil Prices Volatility on Economic Activities in the MENA Countries
Author(s):
Chrigui Zouhair
This article studies oil price impact on economic growth. So, we shall use two samples namely, oil-exporting and importing countries during the period 1980 to 2019. The impact of oil prices on growth would be modeled by a non-linear model and we shall approximate the economic growth from GDP and we would refer to the four explanatory variables: the energy consumption (EC), the rate of inflation (RI), the stock of capital (SC), the balance of energy (BE). We may estimate the developed model by static technique Panel then we discuss the existence of a linear dynamic after testing the presence or absence of homogeneous and heterogeneous unit roots on Panel Data method. The results show a significant relationship between these two factors and groups.
