Evaluating the impact of global oil prices on the SADC and the potential for increased trade in biofuels and natural gas within the region
No wp-2019-36, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
This paper investigates whether Southern African Development Community countries that are vulnerable to changes in oil prices could instead substitute oil and petroleum products with biofuels and gas from within the region. A pooled mean group estimator was used to determine the impact of oil prices on the gross domestic product of 15 Southern African Development Community countries. Results indicate that Mauritius, Mozambique, Tanzania, and Zambia would be negatively affected by oil price changes.
Keywords: Economic growth; oil prices; Panel data analysis; Regional integration; SADC (search for similar items in EconPapers)
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