Macroeconomic Determinants of Economic Growth of Major Oil and Natural Gas Producers

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27350%2F25%3A10253653" target="_blank" >RIV/61989100:27350/25:10253653 - isvavai.cz</a>

Výsledek na webu

<a href="https://actamont.tuke.sk/pdf/2025/n1/6pekarcikova.pdf" target="_blank" >https://actamont.tuke.sk/pdf/2025/n1/6pekarcikova.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.46544/AMS.v30i1.06" target="_blank" >10.46544/AMS.v30i1.06</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Macroeconomic Determinants of Economic Growth of Major Oil and Natural Gas Producers

Popis výsledku v původním jazyce

Today&apos;s economy cannot do without oil and gas, two commodities that two major crises have hit in particular in recent times. These energy commodities were and are in conflict of interest, and not only from that perspective. Therefore, it is legitimate to ask whether these commodities bring economic benefits and prosperity to the economies of the producing countries. A literature study reveals that the authors have focused mainly on the partial impact of individual determinants on economic growth. Therefore, the article&apos;s authors decided to examine the issue in full. This article deals with a study of the determinants of economic growth in the countries of the top ten oil and gas producers. This study uses panel data analysis and is a direct fixed-effects model. Two models are built, one for oil and one for natural gas. The period under study is the same for both models, between 1980 and 2021. The exchange rate, HDI, crude oil production, crude oil price, and oil consumption significantly positively affect GDP growth. Population growth, HDI, natural gas production, and the natural gas price have a significant positive effect on GDP growth.

Název v anglickém jazyce

Macroeconomic Determinants of Economic Growth of Major Oil and Natural Gas Producers

Popis výsledku anglicky

Today&apos;s economy cannot do without oil and gas, two commodities that two major crises have hit in particular in recent times. These energy commodities were and are in conflict of interest, and not only from that perspective. Therefore, it is legitimate to ask whether these commodities bring economic benefits and prosperity to the economies of the producing countries. A literature study reveals that the authors have focused mainly on the partial impact of individual determinants on economic growth. Therefore, the article&apos;s authors decided to examine the issue in full. This article deals with a study of the determinants of economic growth in the countries of the top ten oil and gas producers. This study uses panel data analysis and is a direct fixed-effects model. Two models are built, one for oil and one for natural gas. The period under study is the same for both models, between 1980 and 2021. The exchange rate, HDI, crude oil production, crude oil price, and oil consumption significantly positively affect GDP growth. Population growth, HDI, natural gas production, and the natural gas price have a significant positive effect on GDP growth.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50200 - Economics and Business

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Acta Montanistica Slovaca

ISSN

1335-1788

e-ISSN

—

Svazek periodika

30

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

SK - Slovenská republika

Počet stran výsledku

15

Strana od-do

85-99

Kód UT WoS článku

001535279800006

EID výsledku v databázi Scopus

—