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Title: Export instability and economic growth: the case of OPEC
Researcher: Gaskari, Reihaneh
Guide(s): Mistry, M B
Keywords: Economics
Panel Data
Economic Growth
Upload Date: 4-Nov-2011
University: University of Pune
Completed Date: April, 2010
Abstract: OPEC is one of the most important organizations that were created by oil exporting countries. Oil sector is the most effective sector in these countries. Oil is the most important product that world industries use as the cheapest energy. The price of oil depends on the world’s supply and demand and many economic, political and geographical variables. This is the reason why the price of oil has fluctuations. The fluctuations in oil price lead to fluctuations in the oil revenues of the member countries of OPEC. Because the economic system of these countries directly depends on oil sector, economic growth is affected by the oil sector. In this thesis, an attempt is made to explain the effect of export instability on economy, by using economic growth modeling and panel data analysis with time series data from 1981 to 2006 for seven member countries of OPEC. The results show that there is a strong negative relationship between export instability and economic growth, which is significant. In other words, export instability either positive or negative creates many problems for this kind of countries. This means that if the revenue of oil exports in these countries increases, they fall in trouble. We can also clearly see this problem in economic growth rate. Therefore, export instability in OPEC countries is not beneficial to them. Therefore they should try to stabilize their revenues and manage their revenue usage properly.
Pagination: 206p.
Appears in Departments:Department of Economics

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01_title.pdfAttached File44.26 kBAdobe PDFView/Open
02_certificate.pdf13.5 kBAdobe PDFView/Open
03_declaration.pdf14.17 kBAdobe PDFView/Open
04_dedication.pdf25.37 kBAdobe PDFView/Open
05_acknowledgement.pdf15.46 kBAdobe PDFView/Open
06_table of contents.pdf18.73 kBAdobe PDFView/Open
07_list of tables.pdf7.7 kBAdobe PDFView/Open
08_list of figures.pdf8.99 kBAdobe PDFView/Open
09_abbreviations.pdf8.45 kBAdobe PDFView/Open
10_abstract.pdf9.39 kBAdobe PDFView/Open
11_chapter 1.pdf26.67 kBAdobe PDFView/Open
12_chapter 2.pdf478.37 kBAdobe PDFView/Open
13_chapter 3.pdf85.28 kBAdobe PDFView/Open
14_chapter 4.pdf416.5 kBAdobe PDFView/Open
15_chapter 5.pdf94.15 kBAdobe PDFView/Open
16_chapter 6.pdf96.38 kBAdobe PDFView/Open
17_chapter 7.pdf42.6 kBAdobe PDFView/Open
18_bibliography.pdf44.43 kBAdobe PDFView/Open

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