Dokument
| Titel: | Oil Price Shocks and Unemployment Rate: New Evidence from the MENA Region |
| Autor: | Cheratian, Iman |
| Weitere Verfasser: | Farzanegan, Mohammad Reza; Goltabar, Saleh |
| Veröffentlicht: | 2019 |
| URI: | https://archiv.ub.uni-marburg.de/es/2024/0626 |
| DOI: | https://doi.org/10.17192/es2024.0626 |
| ISSN: | 1867-3678 |
| DDC: | 330 Wirtschaft |
| Publikationsdatum: | 2024-01-19 |
| Lizenz: | https://creativecommons.org/publicdomain/mark/1.0 |
| Schlagwörter: |
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| MENA region, NARDL., Oil price shocks, Unemployment rate |
Summary:
We examine the effects of oil price shocks on unemployment rates in the MENA oil-exporting and oil-importing countries over the period 1991-2017. Using the nonlinear autoregressive distributed lag (NARDL) model, the results show that in the short-run, the positive changes of oil prices only exert a positive (increasing) impact on the unemployment rate for oil-exporting countries. However, in the long-run, positive changes in oil prices have a significant increasing effect on the unemployment rate for oil-exporting and oil-importing countries in the MENA region. We also find that the negative changes in oil prices do not show a significant effect on the unemployment rate. Our findings are in line with predictions of the Dutch disease hypothesis.
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