The impact of oil price changes on economic growth in Arab oil-exporting countries: econometric study using the panel data for the period (2000-2021)‎

Abstract EN

The aim of this study is to examine the impact of oil price changes on economic growth in Arab oil-exporting countries using the panel data for the period .(2000-2021) the results of the estimation of random effects model (REM) revealed that there is a statistical significance between oil price changes and the gross domestic product (GDP) of the countries under study, as a 1% change in oil price causes a 0.82% change in GDP in the same direction, meaning that any increase or decrease in oil price will have a direct impact on economic growth of these countries, which indicates the weakness and fragility of their economies.