Dutch Disease effect of Oil Price on Agriculture Sector: Evidence from Panel Cointegration of Oil Exporting Countries
This study aims to investigate the long-run relationship between oil price and value-added share of GDP of agriculture in 25 oil-exporting countries. We use the panel heterogeneous cointegration test and fully modified OLS (FMOLS), dynamic (OLS) and pooled mean group (PMG) methods to examine the long-run effect of real oil price and real exchange rate on agriculture. The result of the Pedroni cointegration exposes the long-run relationship between the variables under study. Panel cointegration estimators show the negative and significant effect of oil price and exchange rate on agriculture val... Mehr ...
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Dokumenttyp: | Artikel |
Erscheinungsdatum: | 2018 |
Reihe/Periodikum: | International Journal of Energy Economics and Policy, Vol 8, Iss 5 (2018) |
Verlag/Hrsg.: |
EconJournals
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Schlagwörter: | Environmental sciences / GE1-350 / Energy industries. Energy policy. Fuel trade / HD9502-9502.5 |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-27019314 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | https://doaj.org/article/7d84885757b043be87622abfd0c04a0b |