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 141
- Downloads 0
Corporate Governance Practices: A Comparative Study of Selected Public Corporations in Nigeria
This research investigates corporate governance practices in Nigerian public corporations. It further examined how various sectors in the public service fared in respect of compliance with stipulated codes of corporate g...
Financial Malpractice and Risk of Financial Malpractice of NGOs in Ghana: Perspective of Donors
NGOs are the forefront of aid delivery and managing a large amount of aid funded projects. The impacts of these projects in developing countries like Ghana are very critical in alleviating poverty and improving the livin...
Risk - Return Relationship: Nigerian Stock Market during Pre and Post 2007-2009 Financial Meltdown
Financial crises are economic phenomena often heralded by asset and credit booms or bubbles. This study examines risk-return relationship in the context of Nigeria during pre and post financial meltdown of 2007-2009. GAR...
The Role of the Financial-Accounting Information System in the Matrix of the Entity Functions
Along with the development of the global economy which determined a major increase of the value of the financial-accounting information for the entities, the extension of the area, contents and operation of the economic...
Backward Integration: A Panacea for Rural Development in Nigeria
Business is like a marathon race. It involves both mental and psychical alertness, exploring opportunities and taking chances is the strength, risk is the rule of the game and control is the price for the race. To this e...