OIL PRICE AND INDUSTRIAL GROWTH IN SAUDI ARABIA: SECTORAL AND ASYMMETRY ANALYSES
نویسندگان
چکیده
Oil price could have long-lasting effects on any oil-exporting economy due to its dependence oil revenue. This present research probes the role of Price (OP) 22 categories manufacturing industries Saudi Arabia and growth total during 1990-2018 in nonlinear settings. To serve purpose, we utilize unit root test cointegration Shin et al. (2014) based modified bound statistics Kripfganz Schneider (2019). The increasing or decreasing different magnitude direction effects. Hence, applies a relationship between industrial growth. We found industries’ model 19 models. In long run, OP has positive with 8 out investigated negative 2 industries. Decreasing 4 short one industry 10 3 industry. Asymmetry is corroborated all models except petroleum run validated run. Keywords: price, Manufacturing industries, Asymmetry, Nonlinear JEL Classifications: Q41, Q43, L60, C22 DOI: https://doi.org/10.32479/ijeep.10922
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ژورنال
عنوان ژورنال: International Journal of Energy Economics and Policy
سال: 2021
ISSN: ['2146-4553']
DOI: https://doi.org/10.32479/ijeep.10922