Economics, Econometrics and Finance
5 years ago

Oil price volatility linked to economic growth fluctuations in OPEC and OECD.

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International journal of marketing and technology
The impact of oil price volatility on economic growth with emphasis on regime changes: evidence from OPEC and OECD
Nader Mehregan, Salmani Yunes, S. Rudari

Paper Summary

The study looked at how changes in oil prices affect the economies of OPEC and OECD countries from 1972 to 2011. They used a model to measure oil price volatility and another model to see how this volatility impacts economic growth in these countries. The researchers found that fluctuations in oil prices can have a significant impact on the economic growth of both OPEC and OECD nations.

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