Natural Resource Rents and Unemployment in Oil Exporting Countries
Engy Raouf Abdel Fattah
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Engy Raouf Abdel Fattah: Assistant Professor, Department of Economics and Foreign Trade Faculty of Commerce and Business Administration, Helwan University, Egypt
Asian Economic and Financial Review, 2017, vol. 7, issue 10, 952-958
The main objective of this study is to examine short-run and long-run relationship between natural resource rents and unemployment in OPEC and OAPEC countries over the period from 1991 to 2016, using PMG-ARDL model. The causality test shows that causality runs from total natural resources rents to unemployment. The study finds that, on the long-run, the impact of natural resource rents on unemployment rate is a positive significant impact, whether using aggregated data for natural resource rents or disaggregated (oil and natural gas). Almost all the variables have no significant impact on unemployment on the short-run.
Keywords: Natural resource rents unemployment; oil exporting countries PMG-ARDL; Dutch disease; Causality test. (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:asi:aeafrj:2017:p:952-958
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