Oil Price Volatility and Economic Growth: Evidence from the Middle East
This paper seeks to study the effect of oil price volatility on economic growth in Middle East countries (Jordan, United Arab Emirates, Saudi Arabia, Kuwait, Qatar, and Turkey). The study's goals were achieved by utilising a range of econometric methodologies. For instance, the IPS and LLC pro...
Saved in:
| Main Authors: | , , , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2024-05-01
|
| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://www.econjournals.com.tr/index.php/ijeep/article/view/15484 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1846107056021438464 |
|---|---|
| author | Nashat Ali Almasria Hassan Hamad Aldboush Omar Al-Kasasbeh Abdalwali Lutfi Fadya Burhan Alhajahmad Thamir Al Barrak Ghaith Alsheikh |
| author_facet | Nashat Ali Almasria Hassan Hamad Aldboush Omar Al-Kasasbeh Abdalwali Lutfi Fadya Burhan Alhajahmad Thamir Al Barrak Ghaith Alsheikh |
| author_sort | Nashat Ali Almasria |
| collection | DOAJ |
| description |
This paper seeks to study the effect of oil price volatility on economic growth in Middle East countries (Jordan, United Arab Emirates, Saudi Arabia, Kuwait, Qatar, and Turkey). The study's goals were achieved by utilising a range of econometric methodologies. For instance, the IPS and LLC procedures are used to study unit root qualities, while Westerlund and Edgerton's (2008) test is used to study cointegration. The findings demonstrate a long-term correlation between Oil price volatility, inflation, investment, and economic growth. The study concludes with more detailed findings regarding how oil prices affect gross domestic product growth. As such, policymakers can use it to support their decision-making.
|
| format | Article |
| id | doaj-art-49307c5eea054152983da955f72b51f3 |
| institution | Kabale University |
| issn | 2146-4553 |
| language | English |
| publishDate | 2024-05-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj-art-49307c5eea054152983da955f72b51f32024-12-27T01:04:47ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532024-05-0114310.32479/ijeep.15484Oil Price Volatility and Economic Growth: Evidence from the Middle EastNashat Ali Almasria0Hassan Hamad Aldboush1Omar Al-Kasasbeh2Abdalwali Lutfi3Fadya Burhan Alhajahmad4Thamir Al Barrak5Ghaith Alsheikh6Department of Accounting and Finance, College of Business Administration, A’Sharqiyah University, Ibra, OmanDepartment of Finance and Banking, Faculty of Business, Philadelphia University, Amman, JordanFaculty of Business, Amman Arab University, JordanDepartment of Accounting, College of Business, King Faisal University, Al-Ahsa 31982, Saudi Arabia; College of Business Administration, The University of Kalba, Kalba, 11115, Sharjah, United Arab Emirates; Jadara University Research Center, Jadara University, Jordan; Applied Science Research Center, Applied Science Private University, Jordan; MEU Research Unit, Middle East University, Amman, Jordan.The World Islamic Science and Education University, JordanDepartment of Accounting, College of Business, King Faisal University, Al-Ahsa 31982, Saudi ArabiaFaculty of Business, Amman Arab University, Jordan This paper seeks to study the effect of oil price volatility on economic growth in Middle East countries (Jordan, United Arab Emirates, Saudi Arabia, Kuwait, Qatar, and Turkey). The study's goals were achieved by utilising a range of econometric methodologies. For instance, the IPS and LLC procedures are used to study unit root qualities, while Westerlund and Edgerton's (2008) test is used to study cointegration. The findings demonstrate a long-term correlation between Oil price volatility, inflation, investment, and economic growth. The study concludes with more detailed findings regarding how oil prices affect gross domestic product growth. As such, policymakers can use it to support their decision-making. https://www.econjournals.com.tr/index.php/ijeep/article/view/15484Oil Price Volatility, Investment, Inflation, Cross-Sectional |
| spellingShingle | Nashat Ali Almasria Hassan Hamad Aldboush Omar Al-Kasasbeh Abdalwali Lutfi Fadya Burhan Alhajahmad Thamir Al Barrak Ghaith Alsheikh Oil Price Volatility and Economic Growth: Evidence from the Middle East International Journal of Energy Economics and Policy Oil Price Volatility, Investment, Inflation, Cross-Sectional |
| title | Oil Price Volatility and Economic Growth: Evidence from the Middle East |
| title_full | Oil Price Volatility and Economic Growth: Evidence from the Middle East |
| title_fullStr | Oil Price Volatility and Economic Growth: Evidence from the Middle East |
| title_full_unstemmed | Oil Price Volatility and Economic Growth: Evidence from the Middle East |
| title_short | Oil Price Volatility and Economic Growth: Evidence from the Middle East |
| title_sort | oil price volatility and economic growth evidence from the middle east |
| topic | Oil Price Volatility, Investment, Inflation, Cross-Sectional |
| url | https://www.econjournals.com.tr/index.php/ijeep/article/view/15484 |
| work_keys_str_mv | AT nashatalialmasria oilpricevolatilityandeconomicgrowthevidencefromthemiddleeast AT hassanhamadaldboush oilpricevolatilityandeconomicgrowthevidencefromthemiddleeast AT omaralkasasbeh oilpricevolatilityandeconomicgrowthevidencefromthemiddleeast AT abdalwalilutfi oilpricevolatilityandeconomicgrowthevidencefromthemiddleeast AT fadyaburhanalhajahmad oilpricevolatilityandeconomicgrowthevidencefromthemiddleeast AT thamiralbarrak oilpricevolatilityandeconomicgrowthevidencefromthemiddleeast AT ghaithalsheikh oilpricevolatilityandeconomicgrowthevidencefromthemiddleeast |