Modelling the Impact of World Oil Prices and the Mining and Quarrying Sector on the United Arab Emirates’ GDP
نویسندگان
چکیده
In this research, we aimed to model the impact of world oil prices on gross domestic product United Arab Emirates (UAE). The objective study was determine transmission mechanism influence changing price within macroeconomic indicators UAE. study, analysed and crude sector economic growth in UAE for period 2001–2020 by applying ADF, OLS, ARDL, Granger causality techniques. results also showed direct changes GDP short long terms; other words, a decline could pose threat security term if appropriate corrective measures are not taken. order avoid these negative consequences crisis, emphasize that only alternative exporting is diversify sources long-term development increase efficiency non-oil sectors.
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ژورنال
عنوان ژورنال: Mathematics
سال: 2022
ISSN: ['2227-7390']
DOI: https://doi.org/10.3390/math11010094