Oil exports and non-oil exports Dutch disease effects in the Organization of Petroleum Exporting Countries (OPEC)

dc.authoridAkalin, Guray/0000-0002-6647-5418
dc.authoridKaramelikli, Huseyin/0000-0001-7622-0972
dc.contributor.authorKaramelikli, Huseyin
dc.contributor.authorAkalin, Guray
dc.contributor.authorArslan, Unal
dc.date.accessioned2024-09-29T16:03:24Z
dc.date.available2024-09-29T16:03:24Z
dc.date.issued2017
dc.departmentKarabük Üniversitesien_US
dc.description.abstractPurpose - The purpose of this paper is to examine the dynamic relationship between oil exports, non-oil exports, imports and economic growth in the Organization of Petroleum Exporting Countries (OPEC), covering the period 1972-2013 by using panel data analysis. Design/methodology/approach - The results from the dynamic panel data methods are as follows: there exists the cross-sectional dependence on each variable. According to the cross-sectionally augmented panel unit root tests, all variables are stationary at the first difference. Westerlund and Edgerton (2007) LM Bootstrap cointegration test shows that there is a long-term relationship between variables. Findings - The results obtained by the Common Correlated Effects (CCE) estimator indicate that the increase in oil exports has a positive impact on the GDP of all countries, while the increase in oil exports has a negative impact on the non-oil exports of some countries. Originality/value - In this study, the relationship between oil exports, economic growth, imports and non-oil exports of the 12 OPEC member countries is tested by considering the cross-sectional dependence between 1972 and 2013. In the study, the authors found a positive relationship as a result of researching the impact of oil exports on economic growth in the frame of CCE panel estimations results.en_US
dc.identifier.doi10.1108/JES-01-2016-0015
dc.identifier.endpage551en_US
dc.identifier.issn0144-3585
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85028305090en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage540en_US
dc.identifier.urihttps://doi.org/10.1108/JES-01-2016-0015
dc.identifier.urihttps://hdl.handle.net/20.500.14619/6068
dc.identifier.volume44en_US
dc.identifier.wosWOS:000408361300003en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEmerald Group Publishing Ltden_US
dc.relation.ispartofJournal of Economic Studiesen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectEconomic growthen_US
dc.subjectPanel data analysisen_US
dc.subjectExporten_US
dc.subjectOPECen_US
dc.titleOil exports and non-oil exports Dutch disease effects in the Organization of Petroleum Exporting Countries (OPEC)en_US
dc.typeArticleen_US

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