The Impact of Oil Prices on the Economic Growth and Development in the MENA countries

Sayed Moawad Ahmed

MPRA Paper from University Library of Munich, Germany

Abstract: Oil has a strategic nature and is an important commodity that affects the world economies. Both oil exporters and importers are likely to feel the effects of oil price developments. Oil prices dropped sharply since June 2014 bringing an end to a four –year period of relative price stability. The size and speed of decline has been significant but not unprecedented. Over last four decades, five episodes of price declines in excess of 30 percent were observed, coinciding with major changes in political scene in the Middle East; global economy and oil markets. Due to such sharp declines, the causes and consequences of and policy responses to the recent plunge in oil prices have led to intensive debates

Keywords: Oil Price; Economic Growth; MENA Countries (search for similar items in EconPapers)
JEL-codes: O11 O2 (search for similar items in EconPapers)
Date: 2016-03-23
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/89073/1/MPRA_paper_89073.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:89073

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().