Assessing Oil and Non-Oil GDP Growth from Space: An Application to Yemen 2012-17
No 2019/221, IMF Working Papers from International Monetary Fund
This paper uses an untapped source of satellite-recorded nightlights and gas flaring data to characterize the contraction of economic activity in Yemen throughout the ongoing conflict that erupted in 2015. Using estimated nightlights elasticities on a sample of 72 countries for real GDP and 28 countries for oil GDP over 6 years, I derive oil and non-oil GDP growth for Yemen. I show that real GDP contracted by a cumulative 24 percent over 2015-17 against 50 percent according to official figures. I also find that the impact of the conflict has been geographically uneven with economic activity contracting more in some governorates than in others.
Keywords: Oil; Oil production; Economic recession; Natural gas sector; Oil sector; WP,real GDP,radiant heat (search for similar items in EconPapers)
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