Karamelikli, HuseyinAkalin, GurayArslan, Unal2024-09-292024-09-2920170144-3585https://doi.org/10.1108/JES-01-2016-0015https://hdl.handle.net/20.500.14619/6068Purpose - 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.eninfo:eu-repo/semantics/closedAccessEconomic growthPanel data analysisExportOPECArticle10.1108/JES-01-2016-00152-s2.0-850283050905514Q154044WOS:000408361300003N/A