首页|The relationship among oil prices volatility, inflation rate, and sustainable economic growth: Evidence from top oil importer and exporter countries

The relationship among oil prices volatility, inflation rate, and sustainable economic growth: Evidence from top oil importer and exporter countries

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? 2022This study examines the relationship among oil price volatility, inflation rate, and economic growth among oil importers and exporters countries. Oil prices play a significant role in the energy markets and boost the economic growth of the overall economy. This study uses various diverse panel data assessors, including fixed impacts, bias-corrected least squares dummy factors (LSDVC), generalized methods of moments (GMM), feasible generalized least squares (FGLS), and random coefficients (RC) to investigate nexus among oil price volatility, inflation rate and economic growth in top importers and exporters countries. This study examines thirty years from 1990 to 2019. The primary findings indicate that oil price volatility has a negative and measurable huge effect on the financial development and economic growth of oil importer and exporter countries. Moreover, oil exporter countries are affected by oil cost vulnerability, notably such as, Norway and Canada.

Economic growthInflation rateOil importer and exporter countriesOil prices

Liu Y.、Sharma P.、Jain V.、Shukla A.、Shahzad Shabbir M.、Tabash M.I.、Chawla C.

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Division of Innovation Entrepreneurship and Employment Shandong Institute of Commerce and Technology

Rajkiye Engineering College Bijnor

Teerthanker Mahaveer University

Fiji National University

Department of Management University of Lahore

College of Business Al-Ain University

Teerthanker Mahaveer University Moradabad Uttar Pradesh

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2022

Resources policy

Resources policy

EISSCI
ISSN:0301-4207
年,卷(期):2022.77
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