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The Asymmetric Effects of Oil Price Shocks and Trade Openness Volatility on Inflation and Economic Growth in the Islamic Conference Organization Countries.
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Sarvoddin Fathi1   , Masoud Nonejad * 2, Hashem Zare1 , Ali Haghighat1 |
1- islamic azad university
2- islamic azad university , saeed8716@yahoo.com |
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Abstract: (430 Views) |
Oil price shocks in recent decades have had a profound effect on the economies of the world, both exporters and importers of oil. Countries that depend on revenues from the sale of oil and gas resources during economic growth, as well as those that import Oil resources are particularly sensitive to changes and fluctuations in oil prices. Axes related to globalization and factors affecting the increase in the volume of international trade have raised many questions in the macroeconomy. Is a commercial instrument.
In this study, we examine the effect of oil price shocks and trade openness turmoil on economic growth and inflation in two groups of oil exporting and importing countries.
The results show that the research hypotheses that the response of economic growth and inflation to oil price shocks are asymmetric in both groups of oil exporting and importing countries. Also, the results of tests and estimation of patterns show openness. Trade has a positive effect on economic growth and inflation of oil exporting countries and a negative and positive effect on economic growth and inflation of oil importing countries. |
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| Keywords: Oil Price Shocks, Trade Openness Volatility, Economic Growth, GARCH, EGARCH |
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Full-Text [PDF 1643 kb]
(126 Downloads)
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Type of Study: Research |
Subject:
OPEC
Received: 2022/02/11 | Accepted: 2023/07/23 | Published: 2023/11/1 | ePublished: 2023/11/1
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