We estimate the effects of unexpected changes in oil prices on output for the case of Venezuela, an oil-exporting economy. Following Hamilton (2003), Lee et al. (1995), and Mork (1989), we estimate measures of oil shocks and determine the effect of these shocks on the Venezuelan economy. Our results suggest that oil shocks have had positive and significant effects on output growth in Venezuela ...

The objective of this research is to determine the impact oil exports on poverty reduction in African exporting countries. study spanned over 30 years, from 1991 2020, and relied secondary data extracted ten (10) highest oil-producing countries Africa. human development index (HDI) was used as a proxy for reduction. Panel ARDL technique analyse data. According findings study, using revenues exp...

We consider the linkage between stock prices and exchange rates in four Middle East emerging markets. The existing evidence on stock prices and exchange rates typically relies on introduction of a global market index. On the contrary, we find that for the countries of our sample oil prices emerge as the dominant factor in the above relationship. When we focus on the extended sample we do not de...

today export diversification has become one of the most important economic objectives of development strategies in the developing countries. for various reasons, such as preventing instability in export prices of primary products in global markets, reducing fluctuations in exchanges of them compared with industrial goods, producing dynamic benefits resulted from exporting various goods and incr...