Sustainability in 19 different Arab countries has been studied through investigating the relationship between economic development and energy consumption. Data collected has been studied as a whole (Total countries data) and as segregated data (Oil exporting and Oil importing countries data) i.e. three categories. The regression model used measures the effect of independent and control variable...

The paper estimates the effect of oil price fluctuations on GDP growth, using linear and nonlinear VAR models with data from 12 countries. It reports strong significance for the existence of non-linear moderator effects caused by a decline in the oil-to-energy share, which weakens the causal effect of oil prices on economic growth. A consideration of the relationship of oil prices and GDP over ...

The industrial society for the last century has been stoked by oil as the cheap energy source. However, ominous signs of oil depletion, in fulfillment of M. King Hubbert’s “Peak Oil” theory, may be eerily encroaching upon us and may portend “The Olduvai Theory’s” dramatic consequences. The implications of dwindling cheap oil supplies are catastrophic for maintaining industrial societies’ econom...

this paper investigates the impact of oil revenues on the output of economic sectors in some of oil exporting countries including iran, venezuela and mexico. we use cointegration analysis as well as short run and long run granger casualties' tests. the results show that in the long run, an oil boom leads to expansion of service sector, in these countries. also, the impacts of oil revenues ...