Title : ( Energy as a causality of growth in oil exporting countries? Panel cointegration and causality tests for OPEC countries )
Authors: MOJTABA SHAHRAKI MOHAMMADI , Hosein Mohammadi ,
Full TextAbstract
This paper investigates the causal relationship between value of petroleum exports and GDP per capita in 13 OPEC countries over the period 2003-2011. The results of panel co-integration tests showed that value of petroleum exports and GDP per capita have a stable long-run equilibrium relationship. We find that for all members of the panel, there is homogenous causality form value of petroleum export to GDP per capita and vice versa. This bi-causality supports the feedback hypothesis.
Keywords
, GDP per capita, OPEC, Panel co-integration, Value of petroleum export
@article{paperid:1046769,
author = {SHAHRAKI MOHAMMADI, MOJTABA and Mohammadi, Hosein},
title = {Energy as a causality of growth in oil exporting countries? Panel cointegration and causality tests for OPEC countries},
journal = {American International Journal of Research in Humanities, Arts and Social Sciences},
year = {2013},
volume = {2},
number = {4},
month = {June},
issn = {2328-3734},
pages = {177--184},
numpages = {7},
keywords = {GDP per capita; OPEC; Panel co-integration; Value of petroleum export},
}
%0 Journal Article
%T Energy as a causality of growth in oil exporting countries? Panel cointegration and causality tests for OPEC countries
%A SHAHRAKI MOHAMMADI, MOJTABA
%A Mohammadi, Hosein
%J American International Journal of Research in Humanities, Arts and Social Sciences
%@ 2328-3734
%D 2013
