Determinans of economics growth: Panel data analysis of OPEC
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27350%2F22%3A10250779" target="_blank" >RIV/61989100:27350/22:10250779 - isvavai.cz</a>
Result on the web
<a href="https://reader.elsevier.com/reader/sd/pii/S0301420722005724?token=08707842CAEB3083772B3C60E040F0C043084395633D95F11E07A1BBCA3053E4AA0835FB00E7A218443D82A8A11BE651&originRegion=eu-west-1&originCreation=20221208080339" target="_blank" >https://reader.elsevier.com/reader/sd/pii/S0301420722005724?token=08707842CAEB3083772B3C60E040F0C043084395633D95F11E07A1BBCA3053E4AA0835FB00E7A218443D82A8A11BE651&originRegion=eu-west-1&originCreation=20221208080339</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.resourpol.2022.103129" target="_blank" >10.1016/j.resourpol.2022.103129</a>
Alternative languages
Result language
angličtina
Original language name
Determinans of economics growth: Panel data analysis of OPEC
Original language description
The article deals with the study of the determinants of economic growth of the Organization of the Petroleum Exporting Countries (OPEC), which are all developing countries. The issue is examined because the organization affects the price of oil worldwide. Panel data analysis with the random effects model is used. The panel data analysis examines the relationship between GDP and the selected determinants from 1980 to 2019. The analysed data are non-standard. They are affected by volatility, missing values, and credibility. For example, countries such as Venezuela, Iran, or Iraq may provide data which can distort the analysis. The results show a correlation of a total of five variables. The correlation has both positive and negative effects on GDP. Daily oil production, oil exports and oil prices positively affect GDP, contributing to GDP growth. Unemployment and exchange rate have a negative effect. No correlation was found between inflation, population growth, oil demand, and GDP. The analysis can be used as a basis for future decision-making by OPEC Member economies.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Resources Policy
ISSN
0301-4207
e-ISSN
1873-7641
Volume of the periodical
79
Issue of the periodical within the volume
December
Country of publishing house
GB - UNITED KINGDOM
Number of pages
8
Pages from-to
1-8
UT code for WoS article
000918838800006
EID of the result in the Scopus database
2-s2.0-85142174831