Effects of Oil and Non-Oil Exports on the Economic Growth of Syria
Journal Title: Academic Journal of Economic Studies - Year 2015, Vol 1, Issue 2
Abstract
This study investigated the role of oil and non-oil exports in the Syrian economic over the period 1975-2010. The ADF unit root test, Johansen cointegration test, Granger causality test, impulse response functions (IRF), and variance decomposition (VD) analysis were used in this study. The cointegration test indicates that GDP is positively and significantly related to oil and non-oil exports. The Granger causality test indicates bidirectional short-run causality relationships between GDP, oil exports and non-oil exports. There are also bidirectional long-run causality relationship between non-oil exports and GDP, and unidirectional long-run causality relationship running from oil exports to GDP. The study result indicates that oil exports have the biggest effect on the GDP, thus we suggest encouraging non-oil export and increase its diversity.
Authors and Affiliations
Adel Shakeeb Mohsen
Keywords
Related Articles
- EP ID EP177747
- DOI -
- Views 132
- Downloads 0
The Religious Tourism – An Opportunity of Promoting and Developing the Tourism in the Vâlcea Subcarpathians
Religion has been and continues to be a major component for the ecumenical travels. A main factor in the development of this phenomenon is also the existence of a vast and diversified religious tourism potential (monaste...
Analysing the Consumer Behaviour of Online Health Services
Because the medical sector is a highly conditioned technology, it presents some challenges for health service providers in terms of developing and implementing online services strategies. This article presents the featur...
Does Indonesia Sustainability Reporting Award (ISRA) Cause Abnormal Return and Stock Trading Volume: A Comparative Analysis
Indonesia Sustainability Reporting (ISRA) Award-winning companies promote the image of companies in the eyes of the public. In addition, award-winning companies cause their stock prices to change, representing by their s...
Managerial Culture - Factor of Influence of Performance
Managerial culture directly influences the performance of an entity in both positive and negative ways. A strong managerial culture determines the performance of the entity, the credibility of managers by promoting their...
Organization and Modernization of Management within the National Fiscal Administration Agency in View of Preventing and Fighting Tax Evasion
Modernization of the fiscal administration was necessary for the growth of consumers' trust in this institution. This trust can be won only when the population, who pays taxes and fees in this country, will remark that a...