La Revue des Sciences Commerciales
Volume 21, Numéro 1, Pages 42-56
2022-06-30
The Effect Of Oil Price Shocks On The Economic Growth Of Oil Exporters In Mena Region By Using Panel Approach During The Period (1980-2014)
Authors : Warda Serhani . Lazher Chine .
Abstract
This research aims to understand the oil market and the OPEC‘s roles in oil price fluctuations which affect the economy by investigating the existence of the relationship between oil price shocks and GDP in eight selected countries in MENA region basing on the fact that the economies of these nations are heavily dependent on oil. The study, which covered the period 1980 to 2014 by using the panel approach as an empirical method showed that the oil price shocks effect positively the economic growth in the nominated countries of the region, and the GDP’s reaction of these countries towards oil crisis is not the same.
Keywords
oil price shocks ; Economic Growth ; Panel approach ; MENA region ; OPEC
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